Are You Ready To See A Totally Bonkers Soybean Chart?

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		Tech Science Entertainment Wall Street Markets Strategy Sports Lifestyle Politics Law International Video Latest Thursday, July 19, 2012 Are You Ready To See A Totally Bonkers Soybean Chart? We've written a lot about corn, but also soybean prices are going through the roof. Here's a wild chart sent to us by commodity trader Evan Stanley. It's a spread chart showing the difference between November 2012 soybean futures (soybeans to be delivered this November) and March 2013 contracts (to be delivered next March). The gist is that soybeans to be delivered in a few months are WAY more expensive than soybeans to be delivered next year, basically symbolizing a massive short-squeeze, as the drought raises fears of a massive supply disruption right now. A few months ago the gap was pretty small, but in recent weeks, and then in the last couple of days, the price of soybeans for near-term delivery has exploded through the roof. Read » Also On Money Game Today: LIVE: Chipotle Is Tanking After Hours After Revenue Miss MARKETS RISE AFTER BAD ECONOMIC NEWS: Here's What You Need To Know We Found The Most Drought-Devastated County In America If This Is Anything Like Last Year, Then Stocks Are Within Days Of Collapse Advertisement Recap After The Bell With 'Money Game Chart Of The Day' CHART OF THE DAY: Joe LaVorgna's Favorite Economic Indicator Is Looking Bullish CHART OF THE DAY: Here Are 4 Factors That Will Put The Squeeze On Dr. Copper Share this: Facebook Twitter Digg Reddit StumbleUpon LinkedIn The email address for your subscription is: dwyld.kwu.jobhuntportal11@blogger.com Change Your Email Address | Unsubscribe | Subscribe | Subscribe to the Money Game RSS Feed Business Insider. 257 Park Avenue South, New York, NY 10010 Terms of Service | Privacy Policy

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