Posted 9/23/2017 10:57 (#6265239 - in reply to #6265114) Subject: RE: Gavilon 2 year 2017 Soybean Pool Pricing
I just looked at their pricing chart. This contract started at the beginning of January 2016. It reach a low point of $6.59 on August 3, 2016. It slowly recovered some to reach $7.92 in July of this year. It is currently sitting at $7.66....all futures prices. Take the basis off of this.
As I recall, they were extremely bearish initially and the market went up Then they took a bullish position and the market went down.