The next couple days critical to the bean Market..
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.in my opinion. Tomorrow the USDA will release the June Planted Acre report. The trade is expected a pretty large increase in corn acres and a decrease in soybean acres. I suggest you check in after 7:30AM for the a report on the USDA numbers. Couple this report with moderating temps, and a long weekend I do not expect a large rally. My feeling is if the report is in line with trade guesses and we go through the weekend w/o meaningful rain it is my opinion that the Bean market could re-kindle buying interest.
Buy July coffee 105.10 stop, consider a stop loss at 101.50.
posted by Lee Gaus @ 8:19 PM
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