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What's the odds Soybeans?
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frytownfarmer
Posted 1/27/2018 17:54 (#6535779 - in reply to #6535743)
Subject: RE: What's the odds Soybeans?



Frytown, Iowa
Clay SEIA - 1/27/2018 17:42

GrainTrader - 1/27/2018 17:19

93 + million acres and 1.5” of rain in August = Sub $9.00 Beans


So the last 4 US soybean crops have been records or near records never seen before 2014, with a couple of whopper South American crops thrown in to boot, yet I sold $9.75 cash soybeans to Quincy last week. Just exactly what fundamentals are going to transpire next that should make me fear sub-$9 beans for any great length of time??


Clay nailed it!

Farmers fear is down in the buy zone! ... the bear has done its job!

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