bean spreads

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As of now, there is no way i will get in the grain spread. The market is still sending the signal that it wants corn, it wants it Now, and it’s not willing to pay you to store it. The current year is 32%, next year is 26% of full carry.
 
july/nov trading at 64-65 over, most analysts have carryout at under the magical 200. Nov beans the leader of the grain/oilseed complex since the usda report.

regards,local
 
July/nov trading to 78 over last nite poised to continue moving to larger inverse. Chinese imports for sept a record 4.6 mmt. Trade has carryover at less than 200. Little in the way to stop bean spreads from continuing to larger inverses.

Regards, local
 
july/ nov beans has been volatile over the past 4 days, form 82 over to about 62 over. This because the old crop spreads have tightened. should be long jan/nov beans instead of the july/nov.
Chinese crush expected to increase 10 million tons next year, only limited by crushing capacity. Forget weather, this is a demand led rally.

Regards, local
 
USDA has ending stocks at 185. This is on bullish side of threshold, N/X beans at 88 over, new high for the spread. Don't know why trade caught offguard, Chinese has not stopped buying, has been setting records thru the fall. Any thoughts ?

Regards, local
 
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