The Rising Influence of Rising Affluence

[wow_happens28]

Yes they had a record soy crop, but prices are below cost. I believe we are seeing exceptionally low prices like in the early 1980's when USA farmers went BK because banks talked them into buying a lot of new farm machinery then were foreclosed on when they could not pay. And then banks sold them to corporate farms. I think the same is going on here. I am going to be patient here, this sure feels like a bottom to me.

Then, I remember things I maybe shouldn't, lol. In 1987 after the flash stock market crash the markets started up a bit, then huge one day drops wiped out most of a weeks gain. From there the DOW went up from like 2200 until March 2000 of almost 12,000. It is always scary at a bottom.

http://www.reuters.com/article/us-brazil-soybean-sales-analysis-idUSKBN17D2JM

https://www.economist.com/news/united-states/21719813-farmers-are-making-comparisons-1980s-bust-how-bad-farm-slump