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Soybeans

Wheat, Soybeans, and CornWhy Wheat and why now. What about Soybeans and Corn. Looking across the Ags, it seems that Wheat is enjoying the most upside. Why is this. In keeping with my focus on the DMI and ADX, I think you’d have start by looking at the monthly chart of the 3. One of the key tenants of DMI/ADX is that best trades seem to originate when the ADX is below 20 for an extended period of time. And, for Wheat, that has been since June of 2013. Since then, it has moved between a couple of lines and for the most part, remaining below the 13 period EMA of the high. As an aside, in my previous articles, I used EMA’s on the close of price but have moved to a 13EMA on high, 26EMA on low and 20EMA on close with the intent to use them as a channel for pullbacks based of ADX action. June of last year, the downtrend line was sharply broken but before that, the DMI made a significant move when the +/-DI swapped. Although this had happened several time during the past 4 years, what eventually became important is that the low of this candle was never broken while the high was continually tested and broken with the last time starting the recent uptrend. Also, note that during this time that the +DMI continued to make higher highs will not making lower lows. With the ADX moving above 20 in May of this year, a strong signal was given that the market was ready to move up. Now, consider the same discussion for ]Soybeans : Notice the size of the candle that caused the last swap. I’ve included a possible consolidation pattern. And for Corn : With Corn the interesting thing on recent action is that the DI’s changed dominance but did so where the swap was to -DI but with a green candle. I don’t see this too often but seems to give mixed signals.
OANDA:WHEATUSD
by mxb1961
Lean Hogs levels - Factoring in the quote below, I think a Retracement of the move we saw, is in order. - Also, given the historic price action a Retracement does seem likely. Great little quote from some Forbes article: "According to a United States Department of Agriculture (USDA) report, feeding China’s steadily increasing livestock population is a growing challenge. It takes about 3 kilograms of feed to produce each kilogram of meat. As a result, the USDA predicts China’s combined use of soy meal and corn 0.72% for animal feed will rise from 200 'mmt to more than 300 'mmt over the 10-year projection period. Much of this feed grain must be imported. The USDA expects China’s soybean -0.30% imports to reach over 70% of global soybean -0.30% imports by 2024. It also anticipates that China will account for 40% of the rise in global corn 0.72% trade over the coming decade." The counter argument could be summed up best by the wall street journal article: www.wsj.com
CME:HE1!Long
by cgd
Soy Crush Spread at its EXTREMEKeep an eye on this extraordinary extreme in the soy crush spread. This spread includes 3 futures: soybeans, soybean oil and soybean meal and to be exactly now it is time to sell this spread! What do you need to do to sell this spread? To sell this spread you have to make 3 transactions: BUY 1 soybeans contract SELL 1 soybean oil contract SELL 1 soybean meal contract Why do I see numbers in front of the chart symbols? You can see different numbers in front of the contracts like "2.2*ZM1!+11*ZL1!-ZS1!" because of the different multipliers in the futures contracts. Of course, you also make this trade with CFDs, in this particular case you need to have positions sizes with a similar nominal value
CBOT:ZM1!Short
by Tradimo_Official
1
Soybeans /ZS - Short Premium - Short straddle into high IVRSoybeans are offering a short premium opportunity as price perhaps starts making a bit of a floor. I have sold a straddle at 840 w/ 45 DTE for a maximum profit of $2500. A few things made this an attractive trade such as the high implied volatility and price having reached a key support level where I hope price stays buoyed while I run out the clock and collect options premium. The high implied volatility has allowed me to sell a straddle that has a break even range of $100 or greater than 10% of the total value of the underlying which makes me feel comfortable with the risk/reward of this trade.
CBOT:ZS1!
by krugman25
Nothing is trending o.0 Dead week ahead?Hey, like all my chart styles? They're pretttyyy :) Perfect dead week ahead, good timing as I did ZERO of the research I wanted to do this week end, I want to peace out for a while. I just set my 25-30 alerts which takes me 1h-1h30 every week (last week i only set less than 10 only wanted to trade clear trends). I watch a little over 20 FX pairs, 4 metals, half a dozen commodities, and if I remember correctly the only one I saw clearly trending was soybeans: And still not sure. Oh well maybe there was 1-2 others. What's going on lol. I am just going to trade big supports with rsi divergence then? I am asking myself if I did not get too demanding and too picky. But probably not, I did not become much more strict, there is really not much action only uncertainty going on. Wasn't in a hurry to get rich anyway. This is perfect for anyone making the jump from crypto, we can take it slowly, take our time to do research etc. While every one is lazing around, going on holidays, we will wait in the shadows and prepare, analyse everything, chart the past, backtest strategies, and egt ready, for when the cattle is back, we will strike swiftly, and without mercy, and strike again, and again, until they are all defeated and our belly is full. TO VICTORY!
by MrRenev
Soubean Futures Bearish outlookAfter seeing such a steep recent decline I started looking for signs of a bullish bounce. Unfortunately, it looks brutal: 1. recently retraced more than 100% of previous up-move, which indicated additional consolidation / correction is needed. 2. While it is a little messy, I can make out a 5 wave down move from the 2012 highs. This would mean we are likely only slightly over half-way in the current correction. 3. The symmetrical triangle is also likely part of primary wave B (which often takes the form of a triangle) and it indicates continuation in this case. If there wasn't significant selling pressure then wave (C) would normally surpass (A). The move could go to $270 if the primary wave C meets a 1:1 extension of wave A. If I end up trading this I will lock in profits along the way in case primary wave C doesn't meet a 1:1 extension. I am not a financial professional. This is a 100% technical analysis and has not considered any fundamental factors. I prefer to present both views normally, but if there is a bullish case I can't see it from the price action alone.
SShort
by flyinkiwi10
Soybeans Calling BIG down day today for beans. Looks like a weak Argentina crop cant compete with a +500bu carryout in the US. And talk of farmers increasing acres... How is the thought of that going to help things. This tariff talk... Not going to be friendly in regards to US exports to china. And about those technicals... I mean come on. This market was OVERBOUGHT. end of story. I think this one is a near term short play. Momentum is headed down. Get out of the way and catch a ride down the hill. New support will be found or it will head all the way down to the lower parallel. I mean yes, large specs are still long overall, and this thing could get choppy with another super dry forecast over the weekend. Buuuuut too many bearish indicators in this one telling us its due for a little beating. How much lower could we go? That is the magic question my friend. But for now, sure feels like some short term profit potential is calling. We will see how this plays out...
CBOT:ZSK2018Short
by Mr_BidAsk
short the heck out of DEC.soybean meal (SM1!)super promising trade of 1st quarter short the heck out of soybean meal (SM1!) overview of past weeks ytd www.agweb.com and upcoming action www.agweb.com 4Hr DAILY WEEKLY im personally bearish meal due to the huge runup. www.agweb.com "South America Conditions - The 2018 Argentina bean crop is one rain event away from being significantly large. This could hurt exports for the US crop forcing a larger carryout. A supply disruption in South America is really necessary for a significant price increase at this point. Guaranteed Profitability - I know beans are profitable now and corn is not, so I want to lock in prices." my target of december 2018 contract is below last years low of 2017 at or near 300. aLSO, MY FIRST CHART INDICATOR (ENI) IS ABOUT READY TO BEGIN ENTRY INTO RED ZONE IN A FEW DAYS. AS ALWAYS DO YOUR OWN DUE DILIGENCE.
SShort
by geologist
1