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N.W. Ohio | IN555, I finally got some time to study your chart somewhat closer. Idk? Maybe it's my "bias" that Conan and I were discussing last evening. But when I look at the chart, every time ending stocks/use ratio jumped significantly the price for the following several years dropped by 15-35%. With multiple times the price dropped in the year when stocks even started to tighten up. So, unfortunately I can see your chart predicting beans into the lower $7's or slightly lower? I'm certainly not predicting that at all, but I am going to continue to market my soybeans on the cautious side with a somewhat bearish lean. This has actually gotten me thinking much more strongly about getting started on some 20 beans sooner rather than later.
Edit to add: After reading the 5MMT/day post, I might possibly have egg on my face from being too bearish, but I've gotten to the point with these trade negotiations that "I will believe it when I see it". With non gmo premiums, I can make pretty good money with 9.30 - 10.00 beans and I refuse to completely pass that opportunity up.
Edited by Just saying 1/31/2019 16:29
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Soybean graphs and some perspective
