Are the markets on a tail spin so bad that any good news is missed and it looks like their is no bottom in place for any crop.
Yes their usually is a spring rally to get us idiots to grow a crop ok buy acres but where we have been going since last fall and accelerated in January the charts are pointing to one place. We hit a plateau and with out a major bounce is 3 and 9 the next level.
South America crop is starting to be harvested and brazil from the pictures and reports I've seen looks like it has a very nice crop.
So what could turn these markets. A drought in Australia if ElNino hits.
A drought that's in the West in USA that could move East. Cold temps in Europe over the winter.
Marketing its tough to see where we go from here.
Yes their usually is a spring rally to get us idiots to grow a crop ok buy acres but where we have been going since last fall and accelerated in January the charts are pointing to one place. We hit a plateau and with out a major bounce is 3 and 9 the next level.
South America crop is starting to be harvested and brazil from the pictures and reports I've seen looks like it has a very nice crop.
So what could turn these markets. A drought in Australia if ElNino hits.
A drought that's in the West in USA that could move East. Cold temps in Europe over the winter.
Marketing its tough to see where we go from here.