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NCND | At same time SA is expanding so is the USA. We will plant a record crop again this year soo I don't see why they should go up????
The 8$ puts didn't pan out last year but I'll bet dollars to doughnuts they do this year. Guys can talk about poor conditions somewhere right now but we have ample cushion as we have an extra few million acres over last year.
Corn can lose yield now soybeans not so much. To be pounding the bean weather scare now could be just as costly as saying 12$ beans wasn't enough we are running out last summer.
Can we rally? Yes I hope so but that is opportunity to sell. The buy opportunity will come end of July if we are trading 850 or so. Buy end of July sell first of September. I'll say it and I'll do it and won't complain about outcome. | |
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2015 SOYBEAN ENDING STOCK ESTIMATES
