generationyfarmer
Short

Short soybeans at the top of this long-term downtrend

CBOT:ZS1!   SOYBEAN FUTURES - ECBT
57 0 1
Speculative money is the reason behind last weeks rally and profit making will probably be done this next week as soybeans             has reached the top of this long-term downtrend.

Climate conditions at the north american crop have been good so far. A transition to El Nina is happening and that could bring hot and dry weather next month. But until then...there is an opportunity to short.


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