Thursday, August 26, 2010

Soybean Alert: SDS, Exports and large long index funds.


Sept options expire tomorrow, Friday 27th.  SDS is decreasing the top end yields. More and more acres are getting reported in the Mid-West.  Its going to be hard to image the beans will sell off much until the Monday condition report is released.  I would assume continued crop reduction, at least back to a 5 year average. My big timing came in on schedule today and looking for bull type rally into the fall.  Big exports are resonating to all the short hedgers and traders.  Pakistan, Russia, Argentina and China are having bad weather scenarios.  It's tough trading when the seasonal tendency is sharply lower and the market is trading on non-US news. The big long hedge funds show continue large positions and the stock market and bonds are range-bound at best.  Would you rather own stocks, bonds or beans,  hmmm.
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