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Soybean Meal Futures

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ZM1! trade ideas

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
Soybean Meal Future DEC18 (1d)Trading Signal Long Position (EP) : 328.3 Stop Loss (SL) : 325.4 Take Profit (TP) : 338, 344.6 Description AGR formed Double Repo Buy at 1d time frame. Trade setup with Buy Limit at 0.382 Level (328.3) and place stop after 0.618 level (325.4). Once the position was hit, place take profit before an agreement (338) and 344.6 Money Management Money in portfolio : $133000 Risk Management (1%) : $1330 Position Sizing $0.1 = +-$10 (Standard) Commission fee = -$1.67/contract (Standard) EP to SL = $2.9 = -$290/contract (STD) Contract size to open = 5 standard contracts EP to TP#1 = $9.7 = +$970 (STD) EP to TP#2 = $16.3 = +$1630 (STD) Expected Result Commission Fee = -$16.7 Loss = -$1450 Gain#1 = +$2910 Gain#2 = +$3260 Total Gain = +$6170 Risk/Reward Ratio = 4.21
CBOT:ZMZ2018Long
by SuppasitWechprasit
Daily cypher - bullish on soymeal futures Its rare to see technical analysis on here for soya futures so have a gander at this and see what you think. Bullish cypher is almost at completion and with extremely poor yields in argentina, Chinese tariffs and an array of further complications this year, perhaps this looks a likely call for longer term soybean meal. Should the position fill expect an extended price to challenge the 2016 high of around $428 per short tonne. Happy trading !
CBOT:ZM1!Long
by surefire-ltd
CBoT soyameal weeklyThe weekly continuation chart especially shows that there is not such awfully much to show. There is a gap between, roughly, the 450 and the 465 level and the rules of TA teach us that gaps always are filled. Regretfully, however, same TA rules do not teach us when that gap has to be filled so that doesn’t particularly help us a lot here and now. Price has developed an ascending price channel that is drawn in the chart with dashed lines and that is rather wide due to the rally during April/May 2016 so the upper boundary of same channel does not help us too much here either. The lower boundary of same channel, however, shows various supportive points during February/April 2016, during September/October 2016 and during January 2017. During the past 7 weeks, price has been moving rather sideways within a channel between, roughly, 330 and 350. We have coloured a green triangle between the lines which represents a strong supportive zone between, roughly, 330 and 320 during the coming week. The most logical move to expect from here and now is a possible further decline of price into its support and a bounce up from there with, possibly, 400 or even up to 475 as target. Too early to assume right now but to keep in mind as possible future play.
CBOT:ZM1!
by Remko