SOYBEANS.......GENERAL, how's the crop looking in Indiana?

[Fishhead]

Been saying exports would surprise people on beans for this year since about august when USDA said exports would be down 10%+ from last year and just above 900 million bushel............. Thats a far cry from 1.25 billion. Just a slight margin of error on that one... I also had a 12.50 target way back then. Looks to me like it might top out somewhere just above 12.00. Who knows though. Basis is the big key as certain locations could see huge improvement in basis even if futures top out. I still think that next year is going to be a major one for the bulls unless weather is outstanding rest of the year. I would expect corn carryout to drop to between 800 million and 1 billion. I am alot different that most thinking bean carryout will remain below 200 million. Possibly 150 million. I expect exports for 09 crop to be around 1.38 billion bushel for 09 crop year. Combine that with crush around 1.75+/- and you have nothing left again even with a million or two acres more.

[The General]

Morning FISHHEAD. I haven't paid any attention lately and really haven't been out in the country much.

Have a good day, Sir.

[Fishhead]

Morning FISHHEAD. I haven't paid any attention lately and really haven't been out in the country much.

Have a good day, Sir.

[Fishhead]

Soybeans up in early trading once again............

At this pace, farmland values may again be on the upswing.

[Fishhead]

The overnight markets put in one of the quieter sessions we have seen recently with corn trading a 3 ½ cent range, beans 8 cents, and wheat 6 cents. Volume was about average and saw prices recover off their lows and finish near the upper end of the trading range. Crush numbers were out this morning, but export sales are delayed until tomorrow due to the shortened week. The crush came in at 140.6 million bushels, lower than the average guess of 141.2.
The bean market continues to be the focus of much attention in the grain markets. July beans traded through the $12 level yesterday and made a new high close, but this was well off of the day’s highs. November beans put in a stronger performance, posting fresh new highs as planting delays and acreage concerns continue to mount. Producers seem willing to continue to plant corn and stick with their original planting intentions even as June approaches

[Fishhead]

Crude, metals, and grains all start the trading day UP.

[pavyracer]

You are a failure. This thread is an epic failure.

[MonkeyF0cker]

Do you trade mostly commodities, Fishhead?

[Fishhead]

Do you trade mostly commodities, Fishhead?

On occassion.

I own Iowa farmland.