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Started by cutworm - Oct. 29, 2020, 6:20 a.m.

Beans have broken below the upward trend line. yesterday  when it closed at 10.54

Are the funds starting to cover?

Re: Soybeans
By metmike - Oct. 30, 2020, 2:41 p.m.
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Sorry for not commenting sooner.

Great observation.

I have no idea what is going to happen to beans right now. Too many cross currents and uncertainties but if demand continues like it has been, I don't see how we can go that much lower.

                Re: INO Morning Market Commentary            


                By metmike - Oct. 30, 2020, 2:38 p.m.            


Demand driven grains are fighting some opposing forces. Massive fund longs already, good rains for the driest areas of Brazil, prices already have jumped much higher, demand news is old news, COVID and election uncertainty.

By metmike - Oct. 30, 2020, 2:43 p.m.
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Here are the 2 week total rains for SA.

Huge rains in the driest places and pretty good rains for most of Brazil.

Getting a bit dry in Argentina.