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South Central Iowa | Thanks Blu!
Looks like it is hell-bent on continuing this recovery. No one is there volume wise, but no one is interested in beating them down currently. I hoped that the buyers own long liquidation would let us retest that low, but they seem to want to put it somewhere where they will attract actual sellers. I don't see us attracting additional buying interest as we go up, so I don't see where we will get the horses for what we want.
The best takeaway from this; if we can't attract sellers in the $9.40's at this time of year with 49.4 bpa floating around, how will we attract them at $9.00 or any lower?
Just need to pickup more and stronger buyers; I think that requires going to the low end you point out. Like you say, more work to become a bull!
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Bean Ramblings from this morning's action
