November 25, 2024

I know from multiple conversations that farmers are STILL hoping that we’re at the lows…AFTER persistent bullish press from ag analysts has kept them wrong as they have watched prices drop by $3-$4 bushel…And while they HAVE been resisting the urge to sell…there is a straw that breaks the soybean market’s back…and right now I am firmly convinced it will be as they start making new lows…And together with the time of the year (crop loans due, tons of old crop in the bins with new crop coming in, and record South American harvest just ahead), farmers will have no choice but to start selling…and then, as I keep expecting, more and more and more nationwide selling WILL take this straight down.

Just can’t see it any other way…I think the timing is perfect…GET SHORT HERE.

If you think this looks extreme, just keep in mind that BIG moves are taking place almost daily somewhere in the markets…like Gold down $90 today, and I assure you, Soybeans are not on some immunity island or anything…If they ARE going down from here, I seriously doubt it’s going to be some sort of “trickle” lower. That’s NOT how they trade…AND I DO THINK THEY COULD DROP EASILY $1.50 A BUSHEL FROM HERE BEFORE WE GET TO THE NEW YEAR.

Here’s one option I really like…right HERE.

Thanks,

Bill

770-425-7241

866-578-1001

All option prices in this newsletter include all fees and commissions. All charts, unless otherwise noted, are by Aspen Graphics and CRB.

The author of this piece currently trades for his own account and has a financial interest in the following derivative products mentioned within: Soybeans