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Tidbits, Prices in China, Weather in Brazil, Broilers & Ethanol 5/23/24

Highlights


June CBOT options expire tomorrow.


Yesterday, China soybean futures traded at highs for the year at the equivalent of $15.27 per bushel. The chatter yesterday was that as many as 8 shiploads of US soybeans were booked to be shipped out of the PNW ports to China.  

 

Yes, we really think beans will get to $13+.


Corn in China is in a nice uptrend, there is some reason for optimism:

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