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Soybeans

Big Picture Market structure for SoybeansCurrent 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 that affect the fundamental picture, expect volatile markets untill the Market structure becomes more defineable. Resistance area from 12.75 to 14.00 and then 16.00 area. **12.75 to 14.00 is an area that some pricing and protection should be encouraged Support area is 11.80 to 11.40. Further Risk is 10.00 – 9.00.
CBOT:ZS1!
by mtb1980
SoyBean (Central Bank Can't print Food)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 suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor. DISCLAIMER: Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice. Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
FX:SOYF
by SonicDeejay
Soybean CrushSoy 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 well off spring/summer highs. Finding support with higher crush margins Soybean Meal: Over supply with the excess crush causing a retreat in price. Will lower price meal spur demand, or is Meal the first one lower with Beans and Oil to follow? Soy Oil: Fundamentals in the domestic and world market driving the Oil market. Long term outlook remains elevated on Biofuel needs. A correction in the Oil market will drive the Crush market, and would eventually drive the Soybean Market lower. **Watch the Soybean Oil market carefully. Also any negative action or talks out of Washington and the biofuels industry**
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by mtb1980
Soybeans 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 adding to shorts, but pace is far behind last year. Last year the farmer sold out at harvest, leaving the Cooperatives heavily short and the funds long. Leaving the end users open to upside risk…. Commercial Longs have been adding, locking in the high crush margins. Funds are exiting their longs **These indicators lag behind change in trends. Currently using this data as an observation as it is too early to give a signal if low is in. A lower move nearby doesn’t appear to have staying power for a complete season….
CBOT:ZS1!
by mtb1980
COMMODITIES - RICE ZR1 - Breakout ImminentLine of Least Resistance determined by Underlying Conditions in my Global Macro Campaign. Price Action Behavior suggests short attack taking advantage of sellers at previous breakout, to accumulate for next wave... which is building up quickly. I will know if my suspicions are correct at the median line. US-China tensions will make the supply scarce, and NATO + allies' free trade agreements are under pressure due to pandemic handling. I speculate a global shift towards domestic production, if not military tensions... Nations will most certainly need to stockpile food! Other Commodities of interest: Coffee: Wheat: Soybeans: Corn: GLHF - DPT
CBOT:ZR1!Long
by UnknownUnicorn1043646
The Commodities Index Looks Set to Go LowerThis index is breaking down after showing bearish divergence and having a false bullish breakout on the Daily and Weekly. Based off this and the weakness we're seeing in the commodities themselves i expect the prices of Precious metals to begin a new downtrend in the coming weeks and for the price of Thongs such as Wheat and Soy to have a major decline. I would also expect many Mining Companies to go down such as FCX and SA and for the Value of the US Dollar to rise.
TVC:TRJEFFCRBShort
by RizeSenpai