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HALL where do you see resistance above 1160 new crop beaners?
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Posted 2/25/2014 14:20 (#3715782 - in reply to #3715595)
Subject: RE: Timely question.



Death comes to us all. Life's but a walking shadow
Since early Sept'13 for the better part of five months the Nov 14 price has been bumping into $11.80. We're back to near there now due to questions about Brazil's crop and the North American stocks. So far Brazil's effect has been pretty much "buy the rumor". Between now and early summer the question about Brazil's crop will have been answered as well as spring planting progress. The question is, is it possible to go higher before early summer? The market's attention span is days, at most a few weeks. This rally has almost come too early.
For what it's worth.
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