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4 comment(s). Last comment by Plantermen 2020-11-24 06:27
Posted by calvintaneng > 2020-11-24 05:46 | Report Abuse
While nations panic buy soybeans and Mr Market is skeptical of the Cpo bull rally as a one off passing thing
This stark compancency will cause him to miss the upcoming palm oil bull run
Only the few wise hands have acted early
And they shall prosper
Posted by calvintaneng > 2020-11-24 05:51 | Report Abuse
Complacency in this apparent cpo coming rally is just shocking
So many are still unaware
As if they saw without seeing
Posted by Plantermen > 2020-11-24 06:27 | Report Abuse
Soybean is rocketing but CPO is still in " self disbelieving mode " factors that may or may not push to a new record high in a decade.
Soybean shortfall in Argentina and Brazil { weather and believed it or not covid pandemic} record grain restocking by India and China. Floods hitting palm producers Malaysia and Indonesia. Typhoon damaging Philippines coconut acreage. Low cpo inventories. Last but not the least In COMING Joe Biden new trade policy vs Donald trade disruptive policy
No result.
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Posted by calvintaneng > 2020-11-24 05:43 | Report Abuse
Soybean relentless rise is due to panic buying
From just in time buying nations have changed to "just in case" panic buying
If South America dryness persists for few more weeks then there won't be enough soybean for year 2021 and prices will skyrocket further