Soybeans Hit Fresh Contract Highs

26 Mar in Blog, commodity broker, corn futures, futures broker, futures trading, Kansas City wheat, Michael Seery, Minneapolis wheat, oat futures, option broker, rough rice futures, Seery Futures LLC, soybean futures, soybean meal futures, soybean oil futures, wheat futures

 Grain Futures-- Soybean futures are will open $.12-$.15 higher this morning marking a new fresh contract high around 13.80 a bushel continuing its bullish momentum after a brief setback last week , however corn and wheat are both unchanged and still stuck in sideways to down trends going into spring planting. There is tremendous demand for soybean and soybean meal and that is why you continue to see buyers come in after a down day and keep pushing prices higher, I am surprised that soybeans have rebounded this quickly chose from Thursday's low of 13.40 bushel and now rallied $.40 cents  basically on  concerns of a shrinking crop and less planted acres than corn, however if corn prices continue to go sideways or lower and soybean prices continue to hit contract highs trust me farmers will shift their planting intentions and they will start planting soybeans and not corn, but you won't know about this for several months down the road. If you are looking for a futures broker feel free to contact Michael Seery at 800-615-7649 and he will be more than happy to help you with your trading.

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