Soybean Market Moves With Weather Forecast
Posted on October 02, 2009 at 3:54 PM
Click here to view recent posts
As the weather forecast flip/flops, the soybean market is bumping up with each early freeze warning and down with each prediction that the freeze will be later. In actuality, a freeze now will have little impact on the soybean yield,  even though the crop is  late. The crop already is between R7 and R8, which means the greatest loss is about 11%. What does this mean to traders? I'm thinking it means to take advantage of a price bump because a crop that comes in higher than expected will drop prices - and keep them down. Registered users can comment on this blog.
Add a Comment