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rickgthf
Senior Advisor

/Beans are up on the overnight, the third day in a row?

Beans are up tonight on the overnight, that's the third day in a row, a total of 40 cents since Thursday,  why?

  Is it some technical play like spreading or news?

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3 Replies
Hobbyfarmer
Honored Advisor

Re: /Beans are up on the overnight, the third day in a row?

A) not as big a supply as guessed at?

 

B) piles of beans out of position?

 

C) not everyone broke and remaining supply not for sale at give away prices?

 

D) some stock market funds (money) being diverted to commodities?

 

E) someone actually trying to buy boat loads of them?

 

F) demand for meal picking up due to slow down in ddg production?

 

G) somebody looking at weather maps and not seeing planting weather?

 

H) combo of several of A through G of the above?

roarintiger1
Honored Advisor

Re: /Beans are up on the overnight, the third day in a row?

I) The market was simply oversold

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rsbs
Veteran Advisor

Re: /Beans are up on the overnight, the third day in a row?

I was young 20's and the local elevator manager told me words of wisdom that hopefully still ring true...

"the trend is your friend".

He also said (this was 1980's) "cash is king".

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