Bounce back in price I mean. I guess Brazil has a stronger crop than expected, and it is weighing heavily on soybean prices. I was waiting till later in March, but prices are now down $1.50 or so from the high just a few days ago, and showing no sign of a bounce. November beans are down 50 cents today at $13.11. Last year there was a drop like this in corn at the end of March, but they rallied higher later I think. Some are saying corn will rally later this month ... maybe not beans.
Any comments?
|