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September beans
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jpartner
Posted 8/29/2014 16:26 (#4045571 - in reply to #4045555)
Subject: RE: September beans


Mr. Corn - 8/29/2014 15:17 Look at how cn13 rallied during delivery while cu13 did nothing. I think beans should do the same thing... Cn13 rallied about 60 cents while sep stayed flat.... Beans would likely do the same this time but harvest may well stop it from happening...

Don't deny the rally.  From my perspective, these are two completely different contexts.  N corn, failed to fill its swing's objective to make a lower low...or "sellers failed to step down".  So the rally was just the exerted energy to the downside failure snapping back.  It was stated that N13 would trade above 7.23...it did. 

In this case, although there are multiple reasons for a support here, beans have not failed to do anything.  Not saying what you want to do won't work. definitely a short time horizon...they are just different contexts.... Good Luck!



Edited by jpartner 8/29/2014 16:28
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