SOYBEANS —Jan soybean prices rallied to a 3-month high. Bullish factors include (1) the weak dollar which prompts commodity buying in general and boosts export demand, and (2) strong foreign demand as US...
There’s a fairly reliable seasonal tendency for soybean oil futures to trade lower from November 20th through December 18th. This is a simple and direct way to approach the market with one major exception; soybean oil is currently in a strong uptrend. WHY BOTHER? The legitimate response to the above paragraph is; why bother trading soybean oil against the trend? The answer to this question is; potential sizable profits. Indeed, if soybean oil, which appears to be in a very strong uptrend is, instead, at the top end of a very large trade range, substantial profits could be achieved if prices begin working down toward the low end of the range. My advice to clients looking to trade against the trend is to utilize options rather than trading futures.
Data and information is provided for informational purposes only, and is not intended for trading purposes. Neither Barchart.com Inc. nor its data provider (ddfplus) shall be liable for any errors or delays in the content, or for any actions taken in reliance thereon. By accessing the Barchart.com Inc. web site, a user agrees not to redistribute the information found therein.
