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Response to blue-wave (Original post)

Wed Jul 11, 2018, 12:51 PM

4. Looking like we are seeing

the Futures Soybean Prices are at or below replacement costs. Here is something most folks do not know,the price of 8.55 is a price at a Future day in time,and the real ouch is the Cash price paid at the Elevator at this moment. That price can be as much as a dollar a bushel less the the futures price.

What I am watching for and listening for is this,we will be seeing the Bean Harvest start in the next two to three weeks in what is called the Southern Soybean belt. Kentucky,southern Indiana,Tennessee,Arkansas,Georgia,and east Texas. My best guess is Beans drop to 5-6 dollars a bushel cash basis. And by September first,the Bankers will be calling loans.

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