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Frytown, Iowa | Weave... Along your line of thinking...
The only reason I think we have a suckers rally is the way price acted along the middle line of both the December and the continuous... And that price is respecting this major fork so far... As well as the smaller fork within that fork (I don't think it's showing on here though)...
As well as the lines of what weave was saying with the spreads in corn soy.., my targets (from what I can see) in beans match my target in corn with a 2.8 spread. Ill post the forks below. If you don't understand them the way the price retouches the middle line and fights in that area tells me there is balance there... The only thing you need to watch is the lower support line (green) that that does not get broken... I think beans will be calling more acres for next year and that would lead to a higher spread than typical hence the 2.8
Tn... I'm like you and way undersold...
Edited by frytownfarmer 9/10/2013 17:03
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Going to go out on a limb... corn, soy
