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| I bought some summer calls the end of last week, and sold new crop calls against them. If I end up sold $10 beans for 2020, shucks. I'll be heartbroken****
The balance sheet and the price and the spread action just don't line up. That's all I know to say. Sub-$9 beans with a market inversion and a stocks/use for 20-21 under 8% should be bullish. Corn and coronavirus is just weighing on everything.
WASDE this week, might be your catalyst. There's a lot of potential reasons to change the numbers..... could be helpful, could be harmful. Volatility isn't a bad thing. | |
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soybean charts
