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Bean markets

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  • furrowtickler
    Senior Member
    • Dec 2004
    • 21934
    #1

    Bean markets

    They are up decent today even after confirmation of a record crop that 97% done.
    Interesting...
    Tags: None
    • farming101
      Senior Member
      • Mar 2011
      • 3954
      #2
      Short term there's a possibility that this upswing needs to be a good one. Don't need a turn around Tuesday. Some traders will use this move to go long but will be ready to dump it at a moments notice. Anywhere between 10.32 and 10.61 Jan contract could be the exit area.
      A failure to take out 10.32 on this move would not be good.

      Canola doing very well in spite of uptick in CAD

        Comment

        • farming101
          Senior Member
          • Mar 2011
          • 3954
          #3
          SF closed at 1034 and a quarter today. Open interest increasing. Looks promising

            Comment

            • farming101
              Senior Member
              • Mar 2011
              • 3954
              #4
              10.65 hit early this morning. Sellers in control since then

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