I think I read somewhere in early Oct those sneaky guys wouldn't need any more beans or corn for the next 5 years. Really!! I was thinking I need to build more bins and store my beans for the future since bean prices were dropping this late fall. Experts were saying sell and the Chinese were saying we are full and if we need any beans we will head to S.A. Imagine that. I wonder how many "cheap bushels" were bought on the futures when all this talk surfaced. (By the Sneaky Guys that is) This chit is never ending. They"ve been pulling this stunt for so long I can't believe we still fall for it. We really are dumb, no, stupid. They screw us every chance they get, and we just fall all over the place to accommodate.
I hope farmers still got beans in their bins. When those sneaky f.vckers announce to the world they will not need anymore beans during this market rally, A sale might be in order. jmho Of course I don't know anything in the grand scheme of things so I'm just blowing skittles out my unicorn azz. But, I will be selling $17 beans. Cool Beans Man! Thanks, sneaky guys!
weekly export sales showed 1,143,700 mt beans sold last week and1.553mmt shipped,meal sales were 463,600 mt,so it looks like they may need beans after all.It is also rumored that the chinese bot 6-8 cargoes out of the PNW and 4-6 out of the gulf this week,although nothing has been reported by USDA on the daily reporting system.I would look for SF12 to test the $15.25 to 15.50 fairly soon