errol
I am not sure beans are moving to much lower.
Some latest estimates have the SA crop off close to 10mmt because of rain damage. 1/2 inch sprouts on soybeans in the pod type of things. You do the math on the resulting quality.
China is back to the US, and that is after cancelling lower priced beans.
Having said that, I am seriously considering going to 100 percent sold on old crop canola.
There is definitely more downside risk than upside potential now.
I am not sure beans are moving to much lower.
Some latest estimates have the SA crop off close to 10mmt because of rain damage. 1/2 inch sprouts on soybeans in the pod type of things. You do the math on the resulting quality.
China is back to the US, and that is after cancelling lower priced beans.
Having said that, I am seriously considering going to 100 percent sold on old crop canola.
There is definitely more downside risk than upside potential now.
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