Friday, February 15, 2008

Soybeans: 3 New Record Highs Since Last Night


Soybeans prices have reached new record highs three times since evening trading began at 7:00 pm EST last night. Thats three new records in just over 12 hours!

As is typical, prices have since backed off somewhat, but there is no reason to expect prices to fall precipitously. The bullish trend is strong and intact.

Wheat prices have also been strong overnight and this morning.