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Richard Brock says $6 cash Soybeans....
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gthompson97
Posted 1/3/2017 18:29 (#5741856 - in reply to #5741380)
Subject: RE: Richard Brock says $6 cash Soybeans....



NE ND
VERY highly doubtful. Since 8/23/07, nearby beans have spent a total of 6 consecutive days under $8.54, and it was all at one time the beginning of December 08. That same support level held very well last winter. If we get back to that 8.55 area, I will be a buyer. Too much demand in the world for beans for them to completely fall out of bed. I actually wouldn't mind dropping back below $9 for a short while here in the Jan-March time frame if we're not going to head all the way down to ~8.50

Edited by gthompson97 1/3/2017 18:43
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