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custar ohio | In Sep 2014 I watched open interest increase substantially the last 10 days of September, as beans corrected down. They rallied about 20 % from Oct 1 - Nov 12th.
I think this is being repeated although it may be a later rally this fall.
Lots of beans will be sold off the combine in the next two weeks. Carrying costs too high for most.
For the most part I am not a reownership personality, but this may be the year.
I do think on farm storage will be very profitable this year here. | |
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Grain markets showing harvest pressure
