$12 Soybeans

This feel overbought to me. Funds just keep buying more and more soybeans! This will inevitably bring scrutiny, and with a Democrat-dominated Congress, it will likely lead to more regulation that will damage the futures markets. No one, it seems, has learned anything from past mistakes. More overleveraging, more debt, more excessive driving of the commodity futures. George Santayana said that those who fail to learn the lessons of history are doomed to repeat them.