SE ND | frytownfarmer - 5/28/2017 22:01
Ya we are clearing out those 9.34 buyers... finding new ones... my hope is gone for $12 beans this year but $10s is a possibility yet. Next year... if you can hold on to your beans long enough I think the reward is later next year, not later this year.
Thanks for posting blu, it is easy to get down on these prices. I don't know what's worse, beans moving down or corn staying flat at these prices!
Hi Fry, was 9.34 actually buyers? I may be looking at it wrong, but I see them as having failed and this drive lower to be our strong reaction. We might go horizontal, but I will say that if we strike our C where price is projecting the fork is steep and given what looks to be a failure up at $12, I would personally expect a move above $12 yet this year. Atleast that is what I'm hoping occurs. |
bean charts posted
