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I have a question about the soybean rally.
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Palmtopper
Posted 1/19/2017 08:23 (#5778569 - in reply to #5778474)
Subject: RE: I have a question about the soybean rally.


SE Iowa
Nope..no one knows where the market is going and it is dangerous to say where it "can't" go.

Predicting set price is a futile thing to do especially in a weather market. The market is going to go where it wants to by market participants having different agendas. Job of producer/trader is to take advantage of the opportunities it gives.

No new selling after Jan report, funds on sidelines, history (4/5 years of underestimated demand) and add production uncertainties via weather..so what started it? Maybe just all was bear "ed" up like last year.
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