Re: watering the garden and grains...
Well, it's going to be tough to get to 9 bucks for fundamental reasons, imho.
China has been devaluing currency and printing like crazy last few years. Mkaes their purchasing our grain even more expensive in real terms.
So, with this tariff talks, China is turning more to Latin Am countries for supply, this will pressure our grain pricing on international spot basis quotes, right?
Time will tell but I think those 2 factors will do the job. Might see a little summer rally , then a quick fizzle out when the bumper crop comes in. LOL!
That I hope, will be the bottom. Any time and cycle projections on long term charts for Beans lows, anyone?