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I have a question about the soybean rally.
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johnny skeptical
Posted 1/19/2017 08:00 (#5778506 - in reply to #5778474)
Subject: RE: I have a question about the soybean rally.



n.c.iowa
I thought we'd do some bouncing around off the lows, as typicall. But I'll admit I am surprised at the levels we have recovered too. Considering the crop we harvested.

I have some relation that is a basis trader on a global scale. The last time he and I had a conversation a couple months ago he was indicating that exports were heading for record levels, and that if there were any problems in the South American crop season, there would be some interesting market developments.

This run up seems easily similar to last years action, just a few months earlier.
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