The market at present is attempting to digest the weather. This will be the driving force behind price discovery over the next three weeks. As I said earlier in the week. There are times to take to the sidelines and be patient. If the market continues to rally this presents a opportunity to the producer. Not only for unsold current crop year bushels. But, also next years crop. look for opportunities above the $10 level. Whatever price is satisfying. There are many ways to attempt to implement a hedge strategy. Both futures and options are reasonable. The bean market production can go either way. A reduction in crop will have a significant impact on the domestic carryover. However, it is important to remember there is a ample 90 mln ton plus global supply.
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