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Buxton ND | I would go into CHS's Mankato office speak with the "Chief" and say I WANT $14,I will have them across your scale by Friday............... You may get less then that $14 but start high and see how bad they want them, like get up start walking out of the office to see how bad he wants them ! ! !
Southern posted some bids below,those beans are worth $3.45 in October then today, Would not selling them today be good risk management ? ? ? Remember July 2013 them cash beans dropped $3 in ONE WEEK ? ? ? Did you win that basis poker game with the commercials or did you loss and tumble ? ? ? Another remember,,,,,THIS IS THE COMMERCIALS GAME,they've played it for years and are quite good at it...............
Now Mark's $6 over may or may not happen,BUTTTTTTT ZSU futures is playing a totally different tune.............. Down $1.16 in 2 dam day............... Some won't like that I bring up the paper traders but remember commercials us those paper trades as a tool in their basis pokers to source cash beans.
Last winter Ray gave a step by step explanation of how end users/commercials use use futures spreads to source corn. As the winter played out it quite well for them. They are/have done are doing the same thing in beans right now.
A final remember,,,,,remember that Dixieland corn streaming north last year,remember how corn seemed to come out of the wood work "Post Cliff" ? ? ? 2 different crops 2 different years,same "Cliff",same rock at the bottom..................... | |
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Monthly soys just broke key support today.
