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Soybeans..Can the market be wrong?
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LarryL
Posted 7/30/2010 16:41 (#1294214)
Subject: Soybeans..Can the market be wrong?



Putnam Co.

"Excessive soil moisture in the western Midwest could cause some spot problems according to one analyst with scattered dry spots doing the same in the eastern Midwest. In India, rainfall has increased in central and western growing areas, but sources there report that more rain is needed."

Above quote from closing remarks today on soys. CME

I've sold about half of my new beans in the 9's. I should be happy with that.. Should I sell more now? I hate to see the trucks leave the field at harvest with the spot price above todays,  like it happened in '08.  Could the price at harvest be higher than this recent spike?  I find that hard to believe.Thanks

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