Floor Talk March 7

[Buckley_HF]

Gio, I'm there with you. I bought some July calls for "fun" yesterday. It'll be interesting to watch if we have to import soya this summer if we get down to the bottom of our cellar.

[giolucas]

Buckley,

I am with you.  I wish you much success. 

[giolucas]

May Soybeans, where are you Mama? 

[c-x-1]

there she is

[c-x-1]

sell here

[giolucas]

Cx1,

Yessir.  Finally!

[c-x-1]

was thinking even a good short for a few

[c-x-1]

Man, the Jul/Novie spread (Daily) looks like it's "to da moon."

[c-x-1]

Drought forecast expecting more improvement in SD, Nebraska relative to last week. This is time of year, however, when it can change weekly...so putting significant stock in any 1 weeks forecast would be meaningless. Here it is - for those who haven't seen.

[marketeye]

A $1.77 spread. Do you think the market is saying the U.S. is getting dangerously tight on soybeans. So, the market is trying to buy soybeans in July? What's your perspective as to what this wide of spread is saying?

Thanks,

Mike