Friday, April 8, 2011

Beans Blast Off Following USDA Report

from Arlan Suderman tweet:

140 mln bu bean stocks replace the old 110 mln bu as pipeline bottom; It's about % of usage, which is at record tight levels
Sense that USDA is defining bottom of pipeline supplies at 675 corn & 140 beans; Simply "can't" get tighter; prices must ration