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Veteran Advisor

What some investors think of the bean market

interesting read


then compair what profarmer is saying


local NC 2017 bid for beans is 8.86 to 9.01


but....Brock is projecting a price with a $6.xx


my take........i think this year you will need to do something.......either on the board, with options, or forward sale.....i don't know what

at this point is best....i do think we will have a chance to price something after the 12th, and far later.....we havent got a scare yet, but

sure wish it would dry up in south america soon !!!


i think this is the year of authority xl pre, with RR1 beans, the followed with a quart of generic glyphos, maybe throw in some

phos......and utilize the enterprise units cut cost on the insurance.


would like to findsome sort of pre-emerg herbicide that would provide season long protection for the major offenders,

the pig weeds, an price


but...with RMA announcing beans at $9.73......and corn $4.15......i'm afraid you're going to see quite a few more beans......


I'll admit, i'm not much of a corn person, but that sounds kind of slim for corn........the same with beans here.......


any other options ???


watermelons ??????????


local 2017 NC bids

Corn  $3.24

Milo    $2.89


if  not beans...lexar around $40/gal, N prices less than 40 cents/#  and 11-52 around $425/ton.........

rumor corn seed about 225 to 250 with the kitchen sink.


gentlemen...load your spreadsheets !!

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3 Replies
Veteran Advisor

Re: What some investors think of the bean market

Have you ever had a futures account and hedged your production??

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BA Deere
Honored Advisor

Re: What some investors think of the bean market

Do you think the insurance guarantee will be $4.15 corn for spring price?  That wouldn`t be too bad relatively, cash would be $3.65ish.  But with Brock if the crop gets planted early and going good, there could be a $6.99 cash bean bid somewhere in the boonies 200 miles from the nearest soybean meal plant and then he can feel vindicated, but other that that it`s bear porn.  It would be nice though if he can scare farmers into early selling, then maybe it could set up for a modest harvest rally.

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Honored Advisor

Re: What some investors think of the bean market

Why give the guy with such an overall dismal record even a comment in passing?


Anybody that believes in him should have your sale scheduled sooner rather than later.

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