If you haven't already priced some 2010 beans, you may want to do it before the fall below $9, says Jerry Gulke of the Gulke Group in Chicago. "We found more beans than in the January stocks report—they likely were in transit when the survey was taken. That's like adding another million acres. At the same time, I think we'll ultimately plant more than the 78 million USDA projected in today's Planting Intentions report. Add to that slow movement of the South American crop and we could have burdensome supplies this fall.”
Listen to Jerry's tape for more details.