Cheap DDGs are being Substituted for Meal
Jun 16, 2014
Crushers seem to have coverage for another 30 days (plus), exporters aren't really bidding up for supplies...so who really needs the immediate supply of soybeans??? There is also continued talk by the bears that US soybean acres are getting larger not smaller.Yes, we all realize the weather could change at the blink of an eye, but as of right now there seem to be very few bullish face cards in this deck. I have heard the Chinese crushers are once again picking up the pace and margins have vastly improved over the past few weeks. Meaning the Chinese buying frenzy may continue to provide some temporary bullish relief from time to time. I wish I could be more optimistic about longer-term price projections for our 2014 crop, but I continue to believe most producers should position themselves accordingly. CLICK HERE for what percentages we are recommending.