Quote from local:
Also hearing of private estimates of very tight bean carryout. This being countered by ideas that Chinese demand is front loaded, however I don't believe it. July/Nov peaked last week at about $1.18,think it was due to expected shift from SA to US. Think it should find some support under $1.00. However, record long fund positions bother me, I don't think they will roll into new crop at these levels, but ....
Regards,local
Quote from FroggerMan:
Where do you go to find when reports will be released?
http://www.usda.gov/wps/portal/usda/usdahome?navid=AGENCY_REPORTS
Will this show all important releases reguarding agriculture products that would have an effect on prices?
Quote from local:
Also hearing of private estimates of very tight bean carryout. This being countered by ideas that Chinese demand is front loaded, however I don't believe it. July/Nov peaked last week at about $1.18,think it was due to expected shift from SA to US. Think it should find some support under $1.00. However, record long fund positions bother me, I don't think they will roll into new crop at these levels, but ....
Regards,local