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Red River Valley | I did not give him a bottom you are also right that I a far less idea of a bottom in beans than corn but that is always the case in an Inverted market but since it seems important to you that I give an opinion here goes
March beans will struggle to go below $12.00 before they go off the board could they trade lower maybe but much lower not likely -- May beans could then see $11.50 as a low and then new crop might be below $10.00 at harvest but that will depend on planted acres and weather going forward.
getting prices below these levels could happen with the pounding of on "Cancelled" stamp by China when your so dependent on one market participant it can swing quick.
having said all the above your right I still don't know but some clutter will be cleared tomorrow. | |
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Beans - USDA Report
