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Beans may struggle to hold the 9.93
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Conan the Farmer
Posted 1/8/2017 19:25 (#5754442 - in reply to #5754319)
Subject: RE: Beans may struggle to hold the 9.93



South Central Iowa
Will March hold $9.83'6 though? And under that, $9.75'2 (for continuous guys)?

Hold those, outlook holds and probably in a $9.90-$10.30 range near-term; break them and it is probably back to the $9.50's. I don't think we set a new low. I don't think we go into the $9.30's. I think it was determined that there was not an actual cancellation. W1891 seemed to know what he was talking about in regards to that issue and it appears that has not occurred. If it does and starts to happen in a big way, we'll see how the market handles it. But that could be bad. I don't think that is Earth shattering news to anyone though.

I won't crucify you though André!

Edited by Conan the Farmer 1/8/2017 19:26
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