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Buxton ND | Last year Brazil was a 96.2 USDA has them @ 100 mmt, drop the crop to 95, given world stock my guess its a non event.
Drop it to 90, my lord we sure should be able to rally a buck or two.
Above 100 I won't go there.
Beans go on a wild rally ALONE, without "Commodities in General" seem UN-likely IMO, here spread traders would help us.
GO, I just stay away from a even
9.00
.25
.50
.75
Or $10 even just the way I've done it for years.
My last bean hedge I would have normally put @ 9.972 I'd miss a couple of orders early in the year using .972 so I dropped it to 9.962 The high that day was 9.964,,,,,,,,, that was nothing but pure dumb luck............... | |
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WILD BEAN MARKET
