Soybeans & Grain Market Stagnation

27 Jan in Blog, corn, grain, soybean, wheat

The soybeans continue to be choppy as well as the other grains. The weather in Brazil is not as hot or dry as they had expected and even with the big rally in the Euro currency the prices continue to go sideways with big swings. I still believe that these prices will head higher in the near future because of the fact of QE3 possibly coming in April and the fact of low stockpiles and large overseas demand. Continue to look at adding positions on down days.

 

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