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"Beans in the Teens" is a very common catch phrase for grain traders. Soybeans rarely make it to $10, but when they
do its an exciting and volatile time. For the market to rally to $10, there has to be a major supply shortage and/or severe
weather problems - drought, floods, etc. An important thing to remember is that Soybeans don't stay in the Teens very long.
Looking at the chart, you can see they tend to sell-off very quickly after they penetrate the $10 level. Some day they might
go much higher, but you can't ignore history.
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is for informative purposes only and in no event should be construed as a representation by this website or as an offer to sell
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