SOYBEAN SELL SIGNAL & HEDGE ALERT
This is our first sell signal since the August 22nd highs.
We have been extremely patient on bean sales this year.
Over the weekend it was announced the US and China had reached an early agreement.
Bessent said China will be buying a “substantial” amount of soybeans.
I am not going overboard here on this sell signal.
I think soybeans have plenty of potential. What happens if China buys soybeans and yield is 51.5 not 53.5? You aren’t going to want to be oversold at these levels “IF” that happens.
So I am definitely keeping dry powder.
However, I think it makes sense for many to reward a near +70 cent rally the past few weeks. It felt like the sky was falling in this market just 3 weeks ago.
You never know if Trump is going to send out a tweet and give back the rally or if the Trump and China meeting turns out to disappoint the market.
If you have to move soybeans by the end of the year and have a hedge account, we like putting in a stop order at $10.66 and seeing if this has room to run while moving the stop up if we continue higher. Or you could consider purchasing a short term put.
If you do not have a hedge account, then we simply like doing some sort of marketing or making a sale.
Give us a call or text if you want specific advice:
As for the charts, we are now nearing our highest levels we have been at all year long. Approaching those highs from August.
Jan beans have only closed above tonight’s highs 3 days this entire year. Not the worst spot to take a few chips off the table.
Jan beans have topped in this area 3 separate times this year.
We now have a large gap lower as we gapped higher tonight on the news.
Same story if we look at the continuous chart.
This area has kept a lid on futures for over a year now.
If we take out this resistance.. this market has some serious room to run higher.
But until then, it is viewed as resistance. As we’ve failed here several times this year.
Your free trial has ended…
This is the last signal you will receive from us
Take advantage of our Halloween sale so you don’t miss future updates or signals.
Past Sell or Protection Signals
Oct 13th: 🐮
Cattle sell signal & hedge alert.
Aug 22nd: 🌱
Soybean sell signal & hedge alert.
July 31st: 🐮
Cattle sell signal & hedge alert.
July 10th: 🐮
Cattle sell signal & hedge alert.
CLICK HERE TO VIEW
June 5th: 🐮
Cattle sell signal & hedge alert.
June 2nd: 🌾
MPLS wheat sell signal.
April 10th: 🌽
Old crop corn sell signal.
March 19th: 🐮
Cattle hedge & sell signal.
Feb 18th: 🌽 🌾
Old crop KC wheat & old crop corn signal.
Jan 23rd: 🌽 🌱
Corn & beans old crop sell signal.
CLICK HERE TO VIEW
Jan 15th: 🌽 🌱
Corn & beans hedge alert/sell signal.
Jan 2nd: 🐮
Cattle hedge alert at new all-time highs & target.
Dec 11th: 🌽
Corn sell signal at $4.51 200-day MA
CLICK HERE TO VIEW
Oct 2nd: 🌾
Wheat sell signal at $6.12 target
Sep 30th: 🌽
Corn protection signal at $4.23-26
Sep 27th: 🌱
Soybean sell & protection signal at $10.65
Sep 13th: 🌾
Wheat sell signal at $5.98
May 22nd: 🌾
Wheat sell signal when wheat traded +$7.00
Want to Talk?
Our phones are open 24/7 for you guys if you ever need anything or want to discuss your operation.
Hedge Account
Interested in a hedge account? Use the link below to set up an account or shoot Jeremey a call at (605)295-3100.