Get every signal & daily update

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 around +70 cents off the recent lows from last week.

Since this is a weather market, the rally doesn’t have to stop here. 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 61% of the sell off. A common retracement level for rallies to pause.

This same area is that old range we were trapped in for several weeks back in the spring.

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 and an area of high volume.

We’ve now clawed back 78.6% off the sell off.

Sitting at some of the highest levels we’ve seen all year after just seeing a -90 cent drawdown.

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