Buy Beans Below the Teens
The growing season for U.S. crops is right around the corner and several factors, fundamentally, technically and seasonally are lining up to suggest that the time to buy soybean futures and soybean
meal futures may be right around the corner. Last year’s drought placed heavy demands on Brazilian and Argentine crops as well as the beans left over in the bins. The tight supplies have left us with
a stock to usage ratio of less than 5%. In fact, the USDA recently stated that this year’s U.S. stock to usage ratio of 4.3% is the lowest since 1965. …