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Waterlooiowa
Frequent Contributor

Here comes 8 dollar beans

When corn went thru 4 dollars it dropped down to about 3.83,the round number didn't mean a whole lot.After beans went thru 10.00 support became resistance.Today we had a report that showed we had the lowest bean stocks last month,and we have had a slow start to bean harvestplus rain in the forecast,yet the futures are still lower,when they go thru 9.00 can 8.00 be too far away?

 

With a strong dollar and a big South American acreage end users might br hand to mouth for the next year.

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425Cat
Advisor

Re: Here comes 8 dollar beans

Gonna be like a buggy whip when she turns
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