Any one have an bean spread ideas for a meduim term bullish view on beans . At such oversold levels surely something is there from n 15 onwards as a spread. I see the large net short combined with south american weather factor possibly producing something ie long beans v corn Or one of the flies and calenders. N15 x15 spread i am thinking or the fly ..
It could be bearish if Brazil gets right rain and bumpy harvest, so better play i when the spread is narrow enough
You are getting news of Chinese cancellation of bean shipments which is somewhat bearish. There are a ton of soybeans out there. I am bearish in the medium term, although there will always be rallies since they are soybeans.
Old crop new crop still hanging in there i am wondering if the commercial basis bids that still seem around are going to put a floor under this