China is the big dog in global ag trade and the world economic advance, but South America is right behind. An account of a recent visit to Colmbia can be found at www.aginreview.com/cp.pdf.
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Not to prod the bulls (often turn to gore someone like me) but some here have a strategy to sell into March. I will be curious to see how these plans have modified themselves as the target period approaches. Will also note that farmers have delivered 7 MMT of canola - just over half the crop - by week 23. Higher crush/less canola in the commercial system over the same period. South American soybean crop looking pretty darn good to date (still growing).
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Colombia's gag business in the u.s.a. is
huge. Columbian product moved/ smuggled
inta the u.s. commands a premium price.
In return, columbians buy all kindsa
u.s. firearms to keep varmits outta
their cocoa crops. Win, win, situration
fer both nations. Most columbian
product is injested on weekends in the
u.s. Yup truly a gag angribusiness that
rivals anything produced in Nort
America. Wheat/barely, what the fk,
never ever, ever, ever, ever compete wit
Columibian product.......
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