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Buxton ND | The bean rally that started March 4 was a prefect storm. First the spec money got a hair up to buy, why ? IDK they just got the buying hair. Second flooding in Argentina, third a dry finish to Brazil's crop. Toss in the currency markets, add to this Mr. Market going after those selling low volatility/cheap naked bean call options. You can bet your sweet little pie those how got their nuts clips sell options will not forget their lesson in 1 year kinda thinking that was a life long lesson for some.
So are you going to base your 2017 marketing plan on a prefect storm rally ?
Or wait for that old Captain Kirk's drought card to be played again ?
Put all your egg in one basket ? or take some cookies.
Then lets bring up those double crop beans, heard they are only running like 15-18 bpa, that's just gotta be a drag on yield ! ! !
Kieth - KK at least someone less agrees with me on this on this subject "I am thinking the pricing was done ahead of the announcement"
Side Note: Everyone seems to think all those bean sold to China will be shipped right ? | |
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Contract 2017 Beans?
