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| Brazilian soybeans have increased $61 per mt this month & Brazilian soy oil has incresed $153 per mt this month!
The biodiesel consumption in SA & Asian areas is surging...the Russians will have to import sun oil...there is no sign of price rationing yet in vegetable oil. Throw on top some continued talk of business in wheat, corn & soybeans the growing realization the USD printing press must continue regardless how the Fed dances around the issue.
In addition, the acreage battle is beginning. If the China cotton crop was hurt...there are suspicions the damage extended farther.
On top of all this, I believe it is finally dawning on the establishment tea leaf readers the voters are in revolt mood.
The closet in which I am residing lacks an electrical outlet & the industrial extension cord stretched across the hallway has become an irritant to the spouse. | |
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Lonely in the Closet
