super promising trade of 1st quarter short the heck out of soybean meal
) overview of past weeks ytd https://www.agweb.com/blog/market-watch-...
and upcoming action https://www.agweb.com/article/gulke-soy-...
im personally bearish
meal due to the huge runup. https://www.agweb.com/blog/marketing-aga... "South America Conditions - The 2018 Argentina bean crop is one rain event away from being significantly large. This could hurt exports for the US crop forcing a larger carryout. A supply disruption in South America is really necessary for a significant price increase at this point.
Guaranteed Profitability - I know beans are profitable now and corn is not, so I want to lock in prices."
my target of december 2018 contract is below last years low of 2017 at or near 300. aLSO, MY FIRST CHART INDICATOR ( ENI
) IS ABOUT READY TO BEGIN ENTRY INTO RED ZONE IN A FEW DAYS.
AS ALWAYS DO YOUR OWN DUE DILIGENCE.