8.60 Looks Like A Good Number

[Jim Meade / Iowa City]

If Nov beans go to 8.60 I'll lift my remaining hedges.  Might do it at a higher number if I get nervous, but 8.60 is a target.  I won't wait much beyond this week, though, and will lift them then in any case.

Corn, I'm not so sure of.  Probably lift them pretty soon, as well.

[roarintiger1]

It would appear that the Chinese buyers also like this neighborhood of prices.

[sw363535]

And it seems the trait rejection strategy worked very well beans are three dollars cheaper without a bumper crop....