Looking at the same parameters as we did for the Corn: I didn’t show a 200% or 300% rate of change as I did with Corn. Instead I show that it would take a 107% rate of change to match the 2012’s 17.89 high. **A 200% gain would place Beans in the mid $20’s….
You can see that price action soared way above the Linear Regression Indicator this week and has been on a tear for many weeks just going to the moon. I am waiting for price action to finally come down - today it started but I'm not sure when I will short this trade. Next week will be the earliest but it might be March. You can see this is the weekly chart so...
Took profits on my SOYB position for some nice gains considering a lot of downside in the equities market. On a monthly time frame, SOYB is approaching resistance zone so I took profits and will be watching to see how price reacts here. I'm expecting retracement / consolidation here before continuation to the upside or back down from profit takers and sellers...
Going long (commons) on SOYB Agriculture looks bullish and I like the textbook breakout here. Also with equities wavering, SOYB DBA CORN agro charts appear more bullish to me IMO Respect the stop loss and but give this trade idea time, she's not always the fastest mover
Hello and welcome, in this video, I explain my outlook in soybean
Big noticeable increase of volume and momentum showing retail/traders are coming in after noticing that we going up, Looks as wave 3 has therefore definitely started! ...and we can project the wave 3 TP @29 using the previous wave 1.
November22 Soybeans – Weekly: A break above the down trend line is encouraging, but Nov22 beans still remain in consolidation (for Now). Previous years High to Low retracements should encourage some initial sales from 12.50 to 13.10. Initial Upside potential with Primary target up to 14.14, Downside risk below 11.00…. May be good to look at Short Dated Puts...
Current Market Structure: **(Like Corn) Sensitive, with extreme bandwidth** The current Domestic and World Supply & Demand numbers paired with recent inflationary threats support a price base range (IMO) from 10.00 to 12.00. Currently risk has been to the upside and inflationary threats elevated, keeping beans elevated as well. There are to many variables...
After a 6-month correction, the uptrend resumes with strength and it will retest the 28.8 level again. We are long and we expect a break out on this level as inflation is driving commodity prices higher. Moreover, soybean harvests are expected to be smaller in southern Brazil this season as fields suffer from dryness, which could drive the prices up as well.
View On Soy Bean (19 Oct 2021) We are seeing the potential bottoming in the soft-commodities and it is about go back UP higher. For the starter, reclaiming the previous resistant of $1,280~$1,300 shall be easy. We shall see further bullish signs soon. Legal Risk Disclosure: Trading foreign exchange or CFD on margin carries a high level of risk, and may not be...
managed to enter at 1313 level the price action is very bullish SL should be in the middle of the range(a little under the 0.5 fib level) but wanted to be more safe :) we should expect some resistance at the next red line level
Not legal and financial advice; Any information provided here is only the personal opinion of the author.
Brief for Agriculture: - Price inflation of commodities and tailwinds of seasonality will provide a bountiful harvest this year's end for agricultural commodities. Focus points: Coffee: Oats: Soybean: Soymeal: Cotton: Most interested in Coffee and Oats, as they are showing strong trends entering into the bullish season, but eagerly awaiting Soybean...
Quick and dirty trade idea on soybeans. Nothing fancy by any stretch of the imagination. Previous 11.85 support is being tested, maybe we can make a dollar or two based on a quick pivot to the upside. As a result, a very tight stop loss is in order, this trade has a very high reward / risk ratio. No time will be wasted, the market shall crash though support and...
Oat milk has exploded onto the scene in the last six months. Oat milk does appear to be a superior product to both soy and almond milks for drinking, smoothies and alternative barista creamers. I believe the demand for oat milk and oat milk products is driving the rise of oat futures and the fall of soy. CBOT:ZOZ2021 CBOT:ZSF2022
Without a S. American weather problem soybeans could struggle. Corn and wheat are doing the heavy lifting. I am neutral this market for now.
Soy Crush: Crush demand remains very strong currently at 1.66. Strength in Crush margins can come on the backside of strong moves lower in beans. Currently crush is high due to strong demand for oil and a weaker bean market. If Bean oil holds elevated levels and Meal can find some strength, Soybeans should find a lift higher. Soybeans: Price has retreated...
US Dollar: Usually trends lower into major China export programs. Trends higher after export program concludes. Some resistance ahead. A move lower would help grain exports…. COT: Commercial Net (green) is tipping lower, about neutral. Selling by farmer to commercial met by equal buying of end users. Commercial Shorts (yellow) recently...