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Mascoutah, Illinois | I guess everyone missed the headlines on Friday when China cancelled on a bean order. Corn plus 25, wheat plus 25, and soybeans in the minus column today. This price action in soybeans is painting the bigger picture, but nobody is listening. One morning we are going to wake up here in the near future with beans 40 cents or lower and then folks just might realize the world economy is slowing or Brazil and China are about to get married and we are the bridesmaid. The slide will start and three dollars lower will not be a stretch. The bean market is very toppy, and nobody is paying attention.
Edited by djmcountryboy 4/4/2011 13:54
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