bean predictions

14 Apr 2021

beans are going through a special time as this time period is really in the air. For example rains in the midwest have been good and planting has been good for most illinois and eastern iowa. However contract months like September are very very interesting as the USA is slowly losing many of its soybean stocks and we will be eating into carryover soon if not already. If this summer year is dry I believe beans go past the teens. China is one of our biggest enemies as flash sales and maybe even importation of beans is what the USA will have to do if the buying doesn't stop. I'm staying long with many 1400 sep calls but im also synthetically short futures