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[too close for comfort]

I just checked local prices and corn is $6.16 and beans are $13.28. Beans aren't really bying any acres at that price.

[Nebrfarmr]

Lots of beans will be planted here.  Two years in a row, of bad dryland corn yields, last year was sub-par, this year was a disaster, and that will drag down insurance guarantees. 
Last year, dryland beans were outyielding dryland corn on a BPA basis, and it looks like they will be doing it again this year.

As for the pivots, it all depends on harvest.  I have heard stories of stalk rot, fungus and the like, in the COC acres that could possibly spell problems in terms of lodging, ear drop, etc.  The corn after beans, does not seem to have that problem.  Next year would mark the 3rd year in a row for corn, on a bunch of acres, if beans are not planted.

[giolucas]

What drove prices today, soybeans down 9¢ corn up 9 ¢.....profit taking?

[Jim Meade / Iowa City]

I'm still adjusting some rotations, but by and large, my cropping plans won't change for '13.

[ncil]

Giolucas

Not sure why you think 9 cents is a drive of any type

It's more like a small trading range considering the daily limits these days.

Not even volitile. my guess anyway.

Best of luck.

[giolucas]

Ncil from 1765.6 to 1738 is a nice swing. just thought soybeans would stay positive considering corn and wheat sure did. thanks.

[c-x-1]

giolucas, the grains just have to rebalance from time to time. wheat's been leading a couple days now, corn was mucho oversold, beans a little overbought. I bought corn @ 773^2, wheat 899^2 Thur night, but liquidated too soon.

looking for beans to complete a leading diagonal Mon (5th & shortist impulse leg) - then few days of #2 corrective phase from 1770-1775, as you said, down to 1720-1715.  

I read a guy - name's John Needam. A while back he saw U.S. $ going to 55 or so for an ultimate low - maybe next summer - that'd sure make our exports attractive, support prices.

thanks,

c-x-1

[giolucas]

Thanks Cx1,

I like your technical analysis of the situation.  It is good to hear other peoples take on things.  

[c-x-1]

yes sir it is. always welcome! d'you get my mssg?

[RentTheFarm]

With any weather issues in South America (they are getting dry in Brazil as we speak), I would suspect Nov '13 beans will start to gain on Dec '12 corn.