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| In my opinion, we have witnessed (may yet be in the midst) a good cleanout of some of the crazies in these markets..there are some gaps to fill underneath....next year's wheat deal is not that bad....I believe the surprise before this season is over...will be overall soybean demand....am working on China stuff at this moment....I foresee one more decent increase in world food demand...does not matter if a deflationist or inflationist...the demand will be good. But, as usual....Murphy will be picking everyone's pockets for awhile yet. If we can get the big blood letting in the next 90 days, I want to look for the opportunity to own soybeans. | |
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Market Cleaning
