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Senior Advisor
Posts: 2,693
Registered: ‎11-02-2010
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July beans

Need to punch 10.15 tmrw or we head to 9.88 area. Thoughts.
Senior Advisor
Posts: 2,693
Registered: ‎11-02-2010
0

Re: July beans

Looking at charts we could see a flush to 9.72-9.73 by the end of Feb which sets up for a run to 10.38 by mid April. And if we have weather issues 11.10-11.12 is in the cards by end of June.

Anyone have any better tea leaves.
Senior Advisor
Posts: 2,693
Registered: ‎11-02-2010
0

Re: July beans

FWIW. I closed my longs out (in at 9.68 out at 10.14) last Thursday. Took a short position in overnights and closed it out this PM. So I am neutral waiting to see tomorrow's action. I may initiate a short tmrw and hold on.
Senior Advisor
Posts: 2,693
Registered: ‎11-02-2010
0

Re: July beans

I'd post a chart but it's a pain off ur phone. Sorry.
Advisor
Posts: 1,123
Registered: ‎05-13-2010
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Re: July beans

Those are good numbers, your forgetting the dollar collapse in your equation though.
Senior Advisor
Posts: 2,693
Registered: ‎11-02-2010
0

Re: July beans

Thee variable I see that will play on this market.

1. SA crop issues. Yes. No. Maybe. Big deal. Not a big deal.?????
2. Macros including dollar. Nafta. NK
3. Drought in west moving east. East Cornbelt flooding third week of April. Hot July and August.