Monday, May 22, 2017

Yra Harris on Futures Radio and China's Imprint on Commodities

Some insight from Yra Harris on Futures Radio with Anthony Crudele:

Somewhat paraphrasing:

"If I told you you would have massive carryovers of soybean stocks;  Brazil, Agentina, U.S. record crops, and soybean prices were still $9.30/$9.40/$9.50 you would tell me I'm out of my freaking mind. These are times we would be having $4.50-$4.80 beans. That is the dynamic that China has brought to global grain markets."


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