Soybean Strategy

(Click large image)
 

ü2007 crop:

You should have made needed old-crop sales on the recent surge in the November contract.  If you failed to pull the trigger, use rallies to get caught up.
 

ü2008 crop:

As the general fundamental structure remains unchanged, we are going to hold patient on making any new-crop sales.  If our cycle counts hold true, we could experience price strength post- harvest.

 

vFundamentals:

At times, soybeans have found needed support from the current weather situation throughout the Midwest.  The region remains dry and the soybean crop is the most vulnerable.  Some possible moisture is in the current forecast, but we will have to wait and see how much actually materializes.

 

ûFail Safe: 

We have no fail-safe.