Thursday 10th USDA Report
Covid 19 impacting US. meat-processing again. Something to keep and eye and ear too.
MatoGrosso farmers already sold 64% of their 2020 bean harvest. Last yr. they sold 44% vs. 40% avg.
S.A weather very important for this month.
Funds taking off some risk in the grains. Fund mangers want their Xmas bonuses so there booking some profits. How far does a technical sell off takes us? Could we retest last weeks lows? Sure
Dec. Corn / Nov. soybean ratio is 2.530
US Dollar season lows.
This Thursday USDA report is not a real market mover but they could continue with the trend small crops get smaller.
Refer back to the Archives for the last few weeks comments.