| marbro1 - 8/19/2015 12:49 Jpartner, what would you think beans would be priced if we wouldn't have had the major hiccups this spring/summer getting them planted and/or the prevent plant? Not going to hold this number against you and realize its strictly a guess, but curious what price that would be. Hi marbro1, Honestly, we would have been better off price wise without the hiccups. When price is in a downtrend, pullbacks supply energy to the market, so when it resumes it's trend it can make lower lows. The inverse is true in an uptrending market. It is backwards from what we like to think. The 3.20 projections in corn last year were made from the market's health restoring rally, supplying energy to that market. The bean market is not any different...this years wiggles supplied energy for the pain we have yet to experience...just like the rallies to all time highs put us where we are today. But either way, price already projected its path via the energy stored at the all time highs, and the balance projection. It was just a matter of time really. Hope that helps.
Edited by jpartner 8/19/2015 14:45
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Soybeans
