Thursday, December 20, 2007

Soybeans: Born-again bulls!

The soybean bull market builds again, but hasn't yet reached its most recent high prices, which are still about $.10 higher than current prices. After a much-needed retracement following last weeks' parabolic rise in prices, it appears that the next leg higher is now beginning to emerge. I fully expect that $12 soybean prices are not far away!