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Dawn, Missouri | Soybeans have been trading sideways since Aug in a 50-60 cent range - $8.53 1/4 to $9.02 and tried last week to come out the top. Didn't make it Yet. We still have the double bottom in the $8.50 range. Everyone is bearish again and looking at the $7.20 - $7.80 area. Yields have been better than antiisipated in many areas but the demand has been better lately. If you hold your beans and don't dump them I think you will be rewarded. The charts look more like $11.23 as a target if we can get this rally started and finally $13.25.. .50 cents to $1.20 downside risk to $2.00 to $4.00 upside. South America hasn't raised that 100 mm metric ton crop yet and China is still buying. I have seen soybeans at $4.01 1/4 and also $17.90 plus. Don't get too bearish down here NOW and give your crop away, That banker isn't giving you too much interest on YOUR money, is he?
Edited by Buddy Man 10/18/2015 21:20
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Can you castrate a bear? or just make him mad!
