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Beans up plus 12 tonight - rally not over yet

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    Beans up plus 12 tonight - rally not over yet

    Not alot of rain over the weekend in Brazil/Arg. Forecast at 11:00 today took chances in next 10 days from 50 percent to 30 percent.

    100F today in RGDS.

    Weather rally is not done yet in canola.

    Do as Charlie says and put in GPO's, last Thursday was a prime example as to why they are useful.

    #2
    Nice rally again today. Would sure encourage selling something (you don't have to sell everything). My operating loan would be at zero and would have the beginning of some cash in the bank to pay seeding expenses.

    The issue is South America weather. Just a note that South American production can come down and still be a record. The market will drop just as fast (if not faster) as it went up.

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      #3
      Just going to put a comment in to breath life into this thread. Don't know about Lee but is my big question from farmers today. Advice stays the same. Reward rallies like this with sales.

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