We feel like this is a good spot to play some catch up in soybeans. Whether that’s some downside protection or an incremental sale.

Soybeans are over +60 cents off the recent lows from last week.

Since this is a weather market, the rally doesn’t have to stop. So there are a couple ways to play it:

Put protection
A sell stop (a sell stop is an order to sell if the market drops to X level. If the rally continues, you can raise the stop higher)
Incremental sale
If you have courage calls right now, it should make it easier to make a sale now

If you have questions, feel free to reach out.

Charts & Reason for Signal

Aug Beans 🌱

We broke that resistance and ran right through that volume gap we had been talking about.

We are now testing an area of high volume after running through the area of low volume.

We’ve also clawed back 50% of the sell off. Between here and the 61.8% level are very common retracement levels for rallies to pause.

This same area is that old range we were trapped in for several weeks back in the spring. Often times, old support can create new resistance.

Again, since this is a weather market, we could continue to rally. But looking at the charts, this would be a possible area where we could struggle.

Nov Beans 🌱

We broke that resistance an area of high volume.

We’ve now clawed back more than 61.8% off the sell off. As we took out that golden zone.

Nonetheless, still an area where we like to defend. As we approach the 78.6% level.

Our phones are open 24/7 for you guys if you ever need anything or want to discuss your operation.

Jeremey & Office: (806)484-1214

Interested in a hedge account? Use the link below to set up an account or give us a call.

SOYBEAN SELL SIGNAL & HEDGE ALERT

WEATHER & CHINA RALLY GRAINS