New there had to be something up when Viterra was offering 12.50 for new crop.
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Beans up big this a.m.
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On Mar 4, 2008 the nov 08 contract was bid up to 769.30. The nov 12 contract still has another $190 to go to match it.
Also of interest....the nov 08 contract went off the board at 409.30, a drop of $360 from that March 4 high.
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Will note again meal is the driver of the soybean rally to a large extent.
[URL="http://www.farms.com/markets/?page=chart&sym=ZMN12"]July soybean meal futures[/URL]
<a href="http://www.farms.com/markets/?page=chart&sym=ZLN12">July soybean oil futures</a>
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http://www.chartsrus.com/chart1.php?image=http://www.sharelynx.com/chartstemp/free/chartind1CRUvoi.php?ticker=FUTS
Trying to find a commodity that hasn't doubled out of its pryer trading range is hard.
Beans never doubled because of the financial crisis.
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Love it when god talks.
https://www.agriville.com/cgi-bin/forums/viewThread.cgi?1199743701
Has it been that long?
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