Posted 9/17/2018 08:24 (#6992468 - in reply to #6992388) Subject: RE: Bloomberg's reporting.... Why are soybean futures even $8.30?
You're basically saying that straight regression lines show price action when it's actually a log curve. What would your line say the price of beans would be if carryout was zero? I'm guessing around $16.
Beans are $8.30 because the buyers in the market think there is value at 8.30. That's the reason. The only reason that matters. They do not believe there's value at 8.31.
Bloomberg's reporting.... Why are soybean futures even $8.30?
