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Beans 1370s.. panic in 3...2...1....
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Posted 11/16/2012 19:12 (#2700894 - in reply to #2700628)
Subject: Re: Beans 1370s.. panic in 3...2...1....


Buxton ND
May if it could have tested that gap @ 14.50 I would have tried the short side. But such a small bounce after a $1.50 drop reads bearish to me Everyone had bull horns the size of Texas a couple months ago ( me NOT one of them) on all that China buying. As bullish as 2008 and 2011 so,so far its no different this time. IDK know what the talk was in here in August but on another site was $10 and $20 beans.I've looked at that 12.50 but as a farmer hedger would much rather go short then long. I had a good year of profits and I figure why risk the money when soybeans is something I normally don't like to trade...

suddenly bearish,too bearish don't think we're there quite yet but its just starting to kick in and when guys start jumping the bullish ship and selling thats when I start looking for a bottom to buy,But if SA weather stay favorable I'll keep my money in my pocket.... In the last 3 weeks traded bean 4 times, 3 small winners, 1 small loser so maybe best just to sit tight and watch...
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