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S Illinois | Some of the strength during the day was due to the daily export sale of 15 million bu(426,000 metric tons) of beans to China.
As to sales it would really depend on how much is sold and how much risk you can endure. From a seasonal perspective we seldom have new crop Nov highs that are made in the Nov-Feb timeframe of the prior year so chances are we have not seen the high yet, but 10 is nothing to sneeze at. There are a couple of articles floating around that track when the highs are made, and if I recall less than 25% of the time the high is made before March 1. | |
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markets
