generationyfarmer
Long

A new good entry point for Soybeans

CBOT:ZS1!   SOYBEAN FUTURES - ECBT
753 3 6
A good entry point might develop tomorrow if this prospect confirms.

US soybeans             exports shipments have accelerated and to date exceed seasonal pace to hit USDA target by 159 mln bu vs 144 mln previous week. Tomorrow (Dec 10) USDA report is expected to decrease US ending stocks to a even more critical level, and recent price action, especially today, seems to reinforce that. Watch market reaction to the report.

...this added to some technicals, seasonals and fundamentals drivers displayed on the chart.
another pro aspect are seasonal averages that show us a traditional rally on Decembers.
http://generationyfarmer.files.wordpress.com/2013/12/soybeans-seasonals.png?w=696&h=483
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broken87
2 years ago
so any updates after todays report?
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generationyfarmer broken87
2 years ago
The U.S. soybean ending stocks came in at 150 million bushels in today's USDA report, which is 20 million bushels lower than the November report and 3 million bushels below the trade's average estimate.
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