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$6.00 soybeans
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garvo
Posted 1/13/2017 07:05 (#5764410 - in reply to #5763454)
Subject: RE: $6.00 soybeans


western iowa,by Denison
1206 Boyz - 1/12/2017 19:19

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 ....


here you can sell new crop beans for oct-nov delivery at $9.31-or sell the board-so beings I'm a small fry I sold beans on the board for Nov.-$10.14-also put a $3 stop in just in case-both ways-no matter how hard I try I cant get to $6
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