Early upside momentun was reversed due to weak macro markets and a strengthening USD. Talk from the EU has Germany balking on the Greece bailout. US gulf news has china taking 4 cargos over the next 12 days pulling front end bean basis through the roof. The interesting factor is they (china) is also loading out of brazil! Consumption continues!

This entry was posted on Thursday, February 11th, 2010 at 12:57 pm and is filed under Grains. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.