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SE ND | There isn't anything that says $12 beans can't happen. There are a few things suggesting it is...just not yet. We could see a run to $12 beans and beyond...I just can't rule it out on this swing. What also makes me question if it will happen is how price kept grinding higher and higher until it took off and went vertical. If it were a move like 2016 you'd expect it to punch through anything of structure. What happened this time was that it went vertical and ran into brick wall and has since sold off. That is pretty disappointing if you're expecting a big move from the failure. Suggests to me that the price isn't ripe quite yet. | |
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NoDak!
