Sep 24, 2018 09:18 PM
The soy mixed today. The oil remains strong, meal did struggle. The macro picture is cheap beans. The US being the cheapest. We are actually allowing everyone, most importantly, Argentina to buy all the US beans they want then crush them and sell the meal. In addition the African swine flue in China and the vegoil price being far enough below crude that it should promote bio fuel use. The corn is getting some follow through. I look for this to continue. The US remains the cheapest corn.