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Whats your ideal soybean Price
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farmman
Posted 9/4/2007 23:41 (#198522 - in reply to #198389)
Subject: RE: Whats your ideal soybean Price


Goff Kansas
when they take the carry out of the july soy. right now it is at .40 cents. 2000 bucks on a 5000 bu contract will cover my costs to the bin. i think it will get more. add to that the basis now is horrible, and that the crop will likely have a significant less carry over from last yr., basis has to improve going into the summer. only wild card with the basis is if for some reason beans get to high and the locals don't want them.
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