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| Clearly somebody thinks that soybeans should be more valuable in the future than they have been and are currently but who & why? Are traders simply anticipating that soybean acres will decline this year?
If you apply the same analysis to Nov 19 beans and project it out thru the month of Feb, it suggests that the Spring Insurance price might be $9.70. $9.70 is 50 cents less than last year's $10.19 which suggest that people correctly think that they should be cheaper than last year's price. But give the anticipated carry out, why just 50 cents cheaper?
 (Nov19 beans 1-17 (full).png)
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 Nov19 beans 1-17 (full).png (81KB - 57 downloads)
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The bean chart has been remarked on.
