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Honored Advisor

Geo -- a smile in the bean market?

Did you set a position in beans?

 Hobby and I disagree on this harvest issue effect on futures.

He stated "loosing a few million bushels will not counter usda's carry"-- something to that affect....

I think the negative in the market has been overdone for some time and the carry is not extraordinary or verified.

 

One of us is optimistic ---not sure which one..

 

 

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7 Replies
Veteran Advisor

Re: Geo -- a smile in the bean market?

Yes sir.
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Honored Advisor

Re: Geo -- a smile in the bean market?

I'd target december --- but there might be profit to take before election. Then a little more after.

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Honored Advisor

Re: Geo -- a smile in the bean market?

My pessimistic attitude has something to with our newest has been drip under pressure.

Occasionally they are wrong.

This would be a good time.

Btw I am long beans.

Quite long corn
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Honored Advisor

Re: Geo -- a smile in the bean market?

I was pretty sure geo was long with us.
A little profit taking after overbite.
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Honored Advisor

Re: Geo -- a smile in the bean market?

The phone computer gremlin is not funny 💊💊
Take your mess let’s get to work
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Honored Advisor

Re: Geo -- a smile in the bean market?

Meds
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Honored Advisor

Re: Geo -- a smile in the bean market?

US soybean volumes inspected for exports more than doubled on the week to 1,157,787 mt, beating market expectations...

 

 

that's 42,452,190 bushels, in perspective that's about 42 million more bu than was harvested last week.

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