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Soybeans
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jpartner
Posted 8/19/2015 13:23 (#4741805 - in reply to #4741738)
Subject: RE: Soybeans


KellyJ - 8/19/2015 11:42 At this point, I wouldn't be surprised if we see $6 beans sometime in the next year. Don't think we'll see the post harvest bump from last year, unless China's situation stabalizes, or the production is significantly overestimated. With no buying interest on new lows, it looks like trade is expecting the downward move to continue here.

While I imagine anything is possible, there is no chart support for anything sub 7.50.  That is about as far as you can stretch any worse case scenario. The energy does not exist...or at least I can't see it.

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