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South American Bean Crop?
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billybob
Posted 2/28/2010 09:31 (#1097769 - in reply to #1097733)
Subject: RE: South American Bean Crop?


68340
Not to poke you with a stick, but I also read Roach.  He has had some sell signals for 2009 and 2010 crops.  Even calling for 5% of 2011 and 2012 corn. No current bean sell signals as of today, but there have been some sell signals.  I think he is dividing the sell signals into 4 parts this spring.  March, April, May and June.  That is for anything you want for fall 2010 to be sold.  At least that is the way I read his thinking.  I have picked up a few pennies putting on hedges and then lifting them for 2010 fall sales, but was also waiting to put my hedge back on.  If I read him correctly he is a bit concerned about not having any additional corn sold before the next March report comes out.  I did another 20% sales of corn in the bin Friday on his advice.  Hope this helps. 
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