China didn't buy any US soy in November, for the first time in a long time. And it isn't like they aren't eating soy. They've replaced the US market share with other sources. That's bad for US farming.
It’s incredible how coordinated they can be. They aren’t buying anything from the US. I’m not sure it’s sustainable but the trade balance is not looking great at the moment.
The US economy is a herd of cats. the Chinese economy is like an RTS video game. They have so much control.
I think Mnuchin calling banks trying to reassure them that Trump wasn't going to fire Powell exposed even more uncertainty. It was a stabilizing attempt, but just injected more chaos by even having to address the topic.
Lot of beans didn’t get cut down here due to the weather, what did get cut isn’t getting much of a price. There is a chance it could even out, with the Chinese finding they are in a shortage.
The guys that farm our lease, and have forever (also they are on our lease), follow beans with wheat. They didn’t get beans out, and didn’t get wheat down. So we may be short on wheat too.
I just pump money into mutual funds and don’t ever touch it after. I choose to believe that by the time I retire, I’ll have more than I put in.
I find it entertaining. Plus, I've got to have a decent heads up with clients. I basically have the same philosophy as invol even if at times I want to try to game it, I eventually come back to my senses.
You are a professional, same as Droski. I am a layman, and it is better for me to ignore it as much as possible.