Sell soybeans
Would look to sell March beans in the $5.35 - $5.40 area and stop at $5.52We have had nothing but a case of short covering caused by some dry weather in Brazil. Even if S.A. production is cut back because of the dry weather, world and U.S. supplies should keep a lid on this market. Still plenty of downside as I look for a sell off into the gut of the S.A harvest which should really get rolling here in a couple weeks..
Farmers cant get last years $10 price out of their heads and its going to cost them!
Questions or comments? Call me
Jason Godfrey
Iowa Futures Corp.
888-777-1442
jason@iowafutures.com
YOU MUST ALWAYS BE AWARE THAT THERE IS SIGNIFICANT RISK INVOLVED IN TRADING FUTURES AND/OR OPTIONS ON FUTURES AND ARE NOT SUITABLE FOR ALL INVESTORS.
posted by JasonGodfrey @ 11:52 AM
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