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Dawn, Missouri | I agree. The demand will be back. Eating and drinking are the last two things people will give up. Probably in that order. This spring I was looking for a low price wise in the 8:40 - 8.60 price range and the June 1st time frame. They faked me out with the June 1 low of $8.96 1/2 low June 1 and the 10 day roll around $8.95 3/4 retest and the run up to $10.45 in 4 weeks. Keep thinkiing the break after July 16 was just retesting the low.
THEN we got the USDA report ' "I'm from the government and I am here to help you" on Aug. 12th which most don't believe (yet to be determined) and then the hard break in sympathy with the Dow & S& P break.
NOW we are back in the price range ($8.55) low Monday that I thought we would be the first of June. Everyone is STILL bearish and talking how low prices will go just the opposite a few years ago when soybeans were $17 plus in Sept. and everyone was talking abut $20 soybeans and they dropped to $14 in Nov.
I don't believe the bull is dead, just crippled up. Don't loose heart he will be back!
Edited by Buddy Man 8/25/2015 23:48
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This says ALOT
