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Honored Advisor
Posts: 18,031
Registered: ‎05-13-2010
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Buy soybeanmeal or wait?

[ Edited ]

I see soymeal was cheaper than now in 2009, 2012 and 2016, so it can go lower.  I wonder if a guy should buy meal now or figure it`ll take out the 2012 lows with this alleged planting delay many more bean acres will be planted.   Of course the wildcard ASF, if that hits meal will be so cheap you`ll buy it for the trucking. 

 

Oooor, if ASF doesn`t hit and planting delays even affect the soybean planting, perhaps meal has seen the bottom?

 

https://finviz.com/futures_charts.ashx?t=ZM&p=m1