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Soybeans - In the Teens



"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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