| dittfarms - 11/21/2018 08:51
Do you feel that prices of soybeans will be going up?
Thanks
Hi dittfarms,
Nothing has changed for me. Still think there is process that needs to take place in the beans, but obviously you aren't going to have 500 dollar meal and 8 dollar beans. The bean formation is very very bullish, it just needs to tidy up some things - or fail. I am and remain in the camp that if I was growing 19' beans, I will have the chance to get at least 12 on the futures- but again I do not think it will happen in the normal seasonal patterns and I would be very leary of falling into the "the best opportunity is coming earlier and earlier every year" mentality. Don't know what the event is that will get the credit, and honestly don't care.
Take Care and Happy Thanksgiving. |