This wraps it up
- Thread starter Duck_walk
- Start date
Holy Cow! We’re really knocking them to their knees and into submission. Second thought, this is knocking someone down to their knees and into submission ... but it isn’t “Jina.”
You are clueless
Price of soybeans has been falling from a high of almost $17.50 seven years ago. Exports are up to other countries and since Brazil’s crop doesn’t come on line until June the Chi-Coms have to buy from us or stop feeding their pigs and chickens
Here are soybean historical prices from NASDAQ data base for this week for last 7 years
Dec 2012. 17.00 bushel
Dec 2013. 15.25 bushel
Dec 2014. 13.00 bushel
Dec 2015. 10.50 bushel
Dec 2016. 9.83 bushel
Dec 2017. 9.50 bushel
Dec 2018. 8.96 bushel
As you can see the biggest drop in soybean prices came in last 4 years of the Obama administration.
Right now exports are down because China has a gigantic inventory of beans on hand, not because they aren’t going to buy from the USA because honestly they have no other supplier to go to except Brazil and that crop won’t start being cut until May-June depending on weather
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Really didn't need to elaborate.
Are you kidding? Duck is an expert on farm commodities! He's been brushing up on the latest trends by watching twitter posts all day!
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