| So Richard Brock is on Market Rally Radio and claims that his firm is projecting $6 cash beans in Iowa come fall. He believes we will plant 87+million acres and will have a carry out exceeding 800 million bushel.... I had to pick my jaw off the floor as did Chip Florey. It is honestly the most astonishing thing I have heard anyone say. He claims we are in a down trend in soybeans right now.
I have strong opinions, but this is the most bearish thing I have heard by far! So what do you think; Richard Brock, genius or dumbest man alive?
I am NOT sticking up for Brock.....but $6 cash beans in Iowa come fall
Per his statement he is NOT wrong yet....He has time ....
Edited by 1206 Boyz 1/12/2017 19:22
|