'Dead cat bounce' time?

With the drop of $3.25 per bushel in the cash soybean market during the month of September, farmers are understandably watching the markets very closely to detect any sign of a rebound. Most hope they will get another chance to sell beans close to the August high. Some are looking for a harvest low to buy back beans sold at a better price a few weeks ago.

Farmers who are familiar with the dead cat bounce are anxious to see prices recover so that they can complete their strategy of selling cash soybeans on that move. This week’s action has those individuals chomping at the bit to do something.