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Soybean new crop sales
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doathlon
Posted 1/11/2017 21:14 (#5761499 - in reply to #5760636)
Subject: RE: Soybean new crop sales


IMO.....the current world usage is relying on 50 + bushel soybeans to maintain current price structure. Just look at how low the carryout is with 3 bumper crops in a row. So what happens when we raise 48,47, or 46 bpa soys?......rockets. $11-14 just like in 2008. I would not worry about marketing soybeans the next couple of months and I certainly wouldn't chase my tail by changing crop rotations. There will be great opportunitys in May and June.
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