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Casey Iowa | With current prices......I can make a case for the markets to go up or down.....last week's glimpse of the soy volatility returning for a day showed me that if we can get a few more exports and a weather rally a the same time the market will have an easy time climbing back to post harvest highs I think. I'm leaning toward the bullish side.....also if the dollar continues to weaken the will help.....But good planting conditions could continue to put pressure on the markets to go on down to harvest lows......all markets are challenging......if it was easy like farming has been the last 5 years everybody would do it.....and it seems that is what has happened which brought in more supply than the current demand needed.....it's a vicious cycle:). Have yourself a great day Blu!! | |
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charts posted
