Tidbits, PMI, Panic Sell, Meal Puts, Markets & Rain Days Update 3/1/23
China's February manufacturing PMI was expected to be 50.5, but it came in at 52.6 this morning, the highest since April 2012... eleven years, Folks! The non-manufacturing PMI was highest since March 2021. An expanding Chinese economy means more crude oil, soybeans, corn, pork and beef.
Many of you are looking for a respected market advisor who will tell you to sell your corn, wheat, and beans. We are not going to do it, so Bill Crowder is your man. Bill is a cotton broker and grain market advisor at Hope Hull Cotton Company. Bill sent an email yesterday pleading with his clients to sell their corn and beans. You can contact Bill at bccottonman[at]gmail.com to request yesterday’s email he sent at 4:19 PM. Thanks to our client John for that information.
For those of you who are still trying to decide if you should panic sell all your bushels, consider this information:
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