05/19/2012 2:42 pm
Soybeans Drop!
Posted by on Tue, 11/16/2010 - 11:57am
Get a hold of your financial advisor today! Beans look well overbought and
with China fighting inflation we could be looking for more downward action.
It appears that China's inflationary pressures have released intentions of
plans to get a grip on the food inflation by price control and subsidies to
buyers. Strength in the dollar and inflation in the US could set us up for a
further bearish move. With outside forces looking negative, the downward
potential especially for funds, now holding record long positions, could be
put under even more pressure. Look out below if they decide to cover.
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