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| This contract started at the beginning of January 2016 and reach a low point of $6.59 on August 3, 2016. It slowly recovered some to $7.92 in July of this year before finishing at $7.66....all futures prices. Take the basis off of this. Seems like this is somewhat of a conflict of interest for a grain buyer (whose best interest is purchasing grain at the lowest price) to offer an "expert" marketing service for their customers that results in the buyer making an extra $2/ bushel on a soybean contract. | |
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When was the last time soybean futures were $7.66?
