Aug 16, 2018 07:44 PM
The Beans and Meal are continuing their recovery. There will be beans cut in the next two weeks. This will start the onslaught of harvest pressure. I believe this will affect the beans and meal both.The US/Chinese spat has forced China to reassess the way they purchase protein. This fact does not yet appear to be part of what the market is watching. Corn, in my opinion, has put in a low. The 366 level basis Dec 18 could be a significant low.