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|User Info||Anybody Like the Agriculture EFT (DBA) Here ?; entered at 2009-10-21 13:56:36|
Registered: 2007-10-02 winnipeg
Dx is for sure having an effect on this one. It is probably agriculture's day to have money thrown into it. There are issues with getting the corn and soybean crops in the bins through a big swath of the midwest. Expectations are for at least another ten days of cool and wet weather. The soybeans are at highest risk of losses during this time. Fortunately for the farmers (who have drying equipment) the price of natural gas is very low right now allowing more drying to be done. Wheat seems to be coming along for the ride.|
Not much is happening in sugar, putting in highs but inching up.
This should be a bit of a quieter time in the grains. Corn and Soy are coming off in the midwest but not really that much else happening worldwide. Generally you will get harvest selling creating some weakness right now but does not seem to be the case. Might be a case of the big boys shaking loose some retail shorts who were expecting the harvest dip.