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Psychological Price Support
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Jake081
Posted 6/18/2018 19:54 (#6820175)
Subject: Psychological Price Support


Bon Homme County, South Dakota
So now that another tariff announcement came through, and soy is now trading below $9 July futures, I'm starting to feel worse. I feel the same about $3.75 corn futures on the December. Contract lows make me nervous. Especially with no end in sight.

With that being said, where can you derive a support number now that there are some contract lows in place, with a decline continuing? Trying to make some logical decisions going forward.
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