Interpreting market movements in a whole new way
Interpreting market movements in a whole new way
Overall stocks of Soybean Oil derived from the Soybean crushed seed has fallen y/y while prices have risen quite drastically during the same period. Today’s WASDE report appeared bullish for Soybean oil which appears to have initial and secondary resistance at 83.51 and 84.49 respectively. Per the WASDE report the 2022/23 outlook for U.S. soybeans … Continue reading “Soybean Oil post May WASDE report”
Read MoreCryptos sharply lower with bitcoin hitting its lowest level since 2020 is the big news clogging up social media channels as wary investors get stopped out or margined out. Futures for the S&P losing the 3900 momentarily in the ON session as predicted during the past sessions and it barely took us two sessions of … Continue reading “Premarket summary for the broad market”
Read MoreTomorrow, May 12, 2022 is the May WASDE report and I am sure that at 12 Noon eastern when this report is released, and despite the price fluctuations from today’s CPI report, there will be some volatility in the prices of commodities, Soybeans included. This is not a fundamental analysis report, it merely presents an … Continue reading “Soybeans ahead of May’22 WASDE”
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