Soybeans / Canola Feeling Heavy

[macdon02]

https://www.washingtonpost.com/business/2019/07/30/trump-backpedals-china-threats-trade-deal-shows-signs-slipping-away/?utm_term=.fd7401ec0c37[/URL]

Nov beans broke $8.90/bu today on China trade frustrations. Fresh bullish news needed ASAP or downtrend continues (IMO) . . . .

There's some absolutely dirty targets, dollars below that need filling, starting at 776 the big one i believe is high $6 sub $7. This recent run in corn couldn't get through the 50% fib retracement from the 2012 high. I tend to agree we are heading for the shitter.

[farming101]

I third it...

[errolanderson]

Hopefully a bounce day for canola, beans and co. But not sure how dead the cat is. China and U.S. are obviously not talking . . . .

But stock markets appear in-trouble. Crude oil whitewashed yesterday, down 8%. U.S. recession for Q3 appears now coming-in-hard (IMO).