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eddie
Posted 10/18/2010 12:27 (#1398951 - in reply to #1398924)
Subject: Re: Could always buy calls up there a ways


"Thinking is that cash usa beans should run to the 14.50 to 15.50 level say Mar/April, thus put a squeeze on the 011 fall crop too, thus those calls could be worth some real dough. "

 

So what makes you think beans are going to 14.50-15.50?  Spotting beans for $11.50 straight off the combine with no shrink, storage and handling costs is a dream come true after we've spent the last year wishing we could get $10 for our 2009 beans in storage that we already had invested shrink, storage and handling costs into.  Sure beans may go to $15, if so contract some 2011 production, but the great american farmer won't because he'll hold out for $16. 

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