Long Soyobean

157 6 1
Long Soyobean, TP ML 1460
Hi Generationyfarmer,

You may want to decide are you a directional ( trend ) trader or Non-direction.

For directional trade you want to keep the losses small and let the profit run, once enter the trade you can leg in Selling Call on top as a free trade.

As non -direction, we may Selling Far OTM at CALL / Put as Iron Condor

Hi Jbjo120, The yield for soyobean not much different from last year as this time period. As a trader we act according as price action, unless you are trading base on News
jbj0120 ChrisLee
thanks chris,
Not necessarily news...information...look long for beans soon.

looking long for corn in the near future...suggestions/comments?
ChrisLee jbj0120
Hi JbJo120,

Direction Trader will have 30% right, as market can move up, side way or down.

If you intend to capture high % of sucessful trade, you can apply Iron Condor by Selling Higher high and Lower low.
I don't think there is enough bad news for soybeans to drive the market up...The Nov USDA report will bring in some strong info due to the lack of the Oct report....I'm not comfortable with an entry yet either but I do believe to look long for soybeans for next year....I just don't think the beans are out there like they keep claiming
I agree with you Chris, and think we prob will see some rally from now on. But I´m not confortable with an entry right now.
Where would be your stop loss ?
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