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bean rally
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Conan the Farmer
Posted 2/8/2017 23:46 (#5826891 - in reply to #5826785)
Subject: RE: Chart for WASDE



South Central Iowa
But what will happen to demand if people can afford better than Everclear?!?!?!? LOL, but yes, better prices are nice. Although on corn, bulled up to me means $4.30 in June, but that would still be a 15%+ rally. Soybeans are another beast entirely.

I agree on the reports being overblown, especially at this time of year. It's pretty clear in the charts that the January one didn't really change much of what was already occurring. Maybe made it happen faster, but not much of a change from an already established pattern.

Yeah, that Limey one is me trying to force a fork on this rally. It hugged the median line instead of racing through or rejecting; so that pretty much invalidated it.
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