timwest

Soybeans are green and ready drop on rain

Short
CBOT:ZSX2012   SOYBEAN FUTURES (NOV 2012)
WATCHING FOR A TOP
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Why? Well, I just drove across the country (Tues-Wed last week, 1800 miles in two days) westbound from CT to CO and I saw nothing but very dark, green, leafy soybean plants the whole way across route 70 to Kansas and across route 80 to Greeley. My guess is that soybeans produce far greater than expected and that corn produces far less
than expected, just based on burned out corn plants and dark green, leafy soybean plants. The next rain that goes through will turn into huge, fat soybeans but corn is dead without much hope (from the way I see it).
Again, just my observations that I thought I'd share with tradingview.
It cost me 90 gallons of gas and two days of my time to come to this conclusion so don't shoot the messenger for the message. Note the comments on the chart for how to proceed with a trade. Essentially, buy put spreads or sell call spreads. I think the tropical storm presents an interesting end to this bull market move in soybeans .

Cheers,

Tim 1:40PM EST, Monday, August 27, 2012

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