Highlights
June CBOT options expire tomorrow.
Yesterday, China soybean futures traded at highs for the year at the equivalent of $15.27 per bushel. The chatter yesterday was that as many as 8 shiploads of US soybeans were booked to be shipped out of the PNW ports to China.
Yes, we really think beans will get to $13+.
![](https://static.wixstatic.com/media/ec40b7_ac881ed878b84820804a6f0701d4ae4b~mv2.png/v1/fill/w_56,h_39,al_c,q_85,usm_0.66_1.00_0.01,blur_2,enc_auto/ec40b7_ac881ed878b84820804a6f0701d4ae4b~mv2.png)
Corn in China is in a nice uptrend, there is some reason for optimism: