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The Nov bean price is getting into trouble below a 9.420 close
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Andre54
Posted 5/25/2017 11:47 (#6037150 - in reply to #6037055)
Subject: RE: The Nov bean price is getting into trouble below a 9.420 close


central ontario		I am just saying the reductions if they come may not be as great a deal as some think, i will go with the flow,if negative so be it.

A new low close on meal will be a negative.The specs will go with this flow,momentum till it goes no more.

If the soy market breaks here it could be looking at say 92 plus mil acres of beans is my guess,less wheat ,less corn and more beans.
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