El Niño means little boy in Spanish. The fishermen in Latin America observed periods of unusually warm water in the Pacific Ocean in the 1600s around Christmas. El Niño can cause 50% variation in local weather in regions growing essential crops like beans, corn, and coffee.
Soybean is a giant in global trade. It ranks among the top comprising more than 10% of the...
So my original prediction of a Soybean Sell Order is certainly delayed for a few weeks and maybe even a month or two. As you can see from the monthly chart, we are on our way to levels not seen since 2012, almost 18!!
We did have a couple days of some dramatic fall in price, but then right back up again. So I will delete my original Sell order and wait for a...
Soybeans have been on a tear for over a month now. Apparently weather is to blame around the world. Too much rain in some countries and too little rain in others. China has just released tons of Soybean from their reserve supplies to help fill the growing gap.
Word is it's going to be Mid March at least before there could be any relief. By then, I believe my...
ZS1! (SOYBEAN) is in a correction of the intermediate (4). We finished Minor wave 5 as an extended wave and I am considering the 4th wave as a complex correction because of the extended 5th wave. We can go around 38% to 50% of the Fibonacci which is 1473 to 1423 for finishing the correction of the 4th wave. This correction will a time consuming also.
As an...
Looks like them beans are UP to something... They will make it there... Eventually ; )
Not Financial Advice. Trade Beans at your own risk.
Cheers,
-SKYLOBSTER
