09-30-2014 01:39 PM
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.
09-30-2014 06:29 PM
Re: Here comes 8 dollar beans
Gonna be like a buggy whip when she turns