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Will soybeans bounce?
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Sunny
Posted 3/7/2008 11:51 (#328159)
Subject: Will soybeans bounce?



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?

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