Who’s making money on this straight up move in beans? Farmers. And volume-at-price traders.
and I’ve included a before/after chart picture here as well.
The test to the support zone at 988 – 997’4 provided an excellent limited-risk opportunity to get long beans.
After the initial rally response from that support zone, it took one last retest before it gained traction on the upside in a major way.
Beans are now up 75 cents from that long opportunity. Not a bad harvest for a couple of weeks.