Cash Soybeans: The Barchart National Soybean Price Index completed a bullish key reversal on its weekly chart last week, confirming a new secondary (intermediate-term) uptrend is in place. However, the major (long-term) trend has not turned up yet. Theoretical Positions: [...]
Trends: Short-term trends are down Intermediate-term trend on weekly charts for July and November are down. The weekly CFTC Commitments of Traders report (legacy, futures only) showed noncommercial traders held a net-long soybean futures position of 38,1540 contracts (blue line) [...]
Cash Soybeans: The Barchart National Soybean Price Index (NSPI, weighted national average cash price) completed a bullish spike reversal on its weekly chart, though the turn to a new secondary (intermediate-term) uptrend is not as clear as it is in [...]
Cash Soybeans: The Barchart National Soybean Price Index (NSPI, weighted national average cash price) is in a secondary (intermediate-term) downtrend, posting a new 4-week low weekly close at Friday’s calculation of $14.3834. The major (long-term) trend of cash soybeans remains [...]
Cash Soybeans: The Barchart National Soybean Price Index (NSPI, weighted national average cash price) is in a secondary (intermediate-term) downtrend, posting a new 4-week low weekly close at Friday's calculation of $14.6771. The major (long-term) trend of cash soybeans remains [...]
Soybeans: For the second consecutive week, May soybeans completed a bearish spike reversal, again indicating the secondary (intermediate-term) trend has turned down. Initial support is at the previous 4-week low of $15.0025. Theoretical Positions: Short positions could be established near last [...]
Soybeans: May soybeans competed another bearish spike reversal last week, once again indicating the secondary (intermediate-term) trend has turned down. Initial support is at the previous 4-week low of $14.76. Theoretical Positions: Short positions could be established near last Friday's close [...]
Soybeans: I’m going to call March soybeans’ secondary (intermediate-term) trend sideways-to-down. The contract completed a bearish spike reversal recently before falling to test trend line support. Last week saw the contract test its recent high of $15.4850 with a mark [...]
Soybeans: I'm going to call March soybeans' secondary (intermediate-term) trend sideways-to-down. The contract completed a bearish spike reversal the previous week before falling to test trend line support last week. Theoretical Positions: Long March positions may have been lifted near the [...]
The market soybean meal contract completed a bearish key reversal on its weekly chart last week, confirming the secondary (intermediate-term) trend has turned down. This move was signaled the previous week as weekly stochastics established a bearish crossover above 80%. [...]
March soybean meal completed a bearish spike reversal on its weekly chart last week, in conjunction with another bearish crossover by weekly stochastics above the overbought level of 80%. This means the contract both signaled (stochastics) and confirmed (reversal pattern) [...]
Soybeans: The March contract fell last week, though I don't see a clear reversal pattern completed. Technically, this leaves the secondary (intermediate-term) trend up. Theoretical Positions: Long January futures were rolled to March prior to delivery. Stops for long March futures [...]
Soybeans: The March contract extended its secondary (intermediate-term) uptrend to a high of $15.3750 last week. Weekly stochastics are well above the overbought level of 80%. Theoretical Positions: Long January futures were rolled to March prior to delivery. Stops for long [...]
Soybeans: I'm going to stick with the January futures contract one last week given Theoretical Positions would still have long positions. Jan beans continue to show a secondary (intermediate-term) uptrend though stochastics re nearing the overbought level of 80%. Also, [...]
Soybeans: The January contract extended its secondary (intermediate-term) uptrend to a new 4-week high of $14.9275 last week. The next upside target is the previous high of $15.1225 from the week of September 12. Theoretical Positions: If long, stops would [...]
Soybeans: The January contract is tough. Last week saw it post a bullish breakout of its consolidation pattern that included a new 4-week high beyond $14.69, This likely triggered some fresh buying before the contract fell back into its previous [...]
Theoretical Positions Hedgers The balance of unhedged or unsold 2022 bushes can be held in anticipation of a fall/winter rally in the cash market Expected 2022 production could be mostly priced, roughly 75%, based on the major key bearish reversal [...]
Theoretical Positions Hedgers The balance of unhedged or unsold 2022 bushes can be held in anticipation of a fall/winter rally in the cash market Expected 2022 production could be mostly priced, roughly 75%, based on the major key bearish reversal [...]
Theoretical Positions Hedgers The balance of unhedged or unsold 2022 bushes can be held in anticipation of a fall/winter rally in the cash market Expected 2022 production could be mostly priced, roughly 75%, based on the major key bearish reversal [...]
Theoretical Positions Hedgers The balance of unhedged or unsold 2022 bushes can be held in anticipation of a fall/winter rally in the cash market Expected 2022 production could be mostly priced, roughly 75% of expected production, again based on the [...]
Theoretical Positions Hedgers 2021 cash bushels should be sold out based on the long-term bearish key reversal posted by the Barchart National Soybean Price Index at the end of June Expected 2022 production could be mostly priced, roughly 75% of [...]
Theoretical Positions Hedgers 2021 cash bushels should be sold out based on the long-term bearish key reversal posted by the Barchart National Soybean Price Index at the end of June Expected 2022 production could be mostly priced, again based on [...]
Theoretical Positions Hedgers 2021 cash bushels should be sold out based on the long-term bearish key reversal posted by the Barchart National Soybean Price Index at the end of June Expected 2022 production could be mostly priced, again based on [...]
Theoretical Positions Hedgers: 2021 cash bushels should be sold out based on the long-term bearish key reversal posted by the Barchart National Soybean Price Index at the end of June Expected 2022 production could be mostly priced, again based on [...]
Theoretical Positions Hedgers: 2021 cash bushels should be sold out based on the long-term bearish key reversal posted by the Barchart National Soybean Price Index at the end of June Expected 2022 production could be mostly priced, again based on [...]
Theoretical Positions Hedgers: 2021 cash bushels should be sold out based on the long-term bearish key reversal posted by the Barchart National Soybean Price Index at the end of June Expected 2022 production could be mostly priced, again based on [...]
Theoretical Positions Hedgers: 2021 cash bushels should be sold out based on the long-term bearish key reversal posted by the Barchart National Soybean Price Index at the end of June Expected 2022 production could be mostly priced, again based on [...]
Theoretical Positions Hedgers: 2021 cash bushels should be sold out based on the long-term bearish key reversal posted by the Barchart National Soybean Price Index at the end of June Expected 2022 production could be mostly priced, again based on [...]
Theoretical Positions Hedgers: 2021 cash bushels should be sold out based on the long-term bearish key reversal posted by the Barchart National Soybean Price Index at the end of June Expected 2022 production could be mostly priced, again based on [...]
New-crop November Soybeans Trend Secondary turned up last week. November soybeans posted a bullish spike reversal. The initial upside target area is between $14.43 and $14.77 Major (long-term) trend remains down on Nov beans continuous monthly chart The new secondary [...]
New-crop November 2022 Soybeans: Theoretical Position DNAI in-house algorithm Short-term: Short (reduce) Intermediate-term: Short (neutral, not adding or reducing) Trends Minor (short-term): Up, if we take last Friday's activity as the completion of a 2-day bullish reversal. Otherwise, still a [...]
This is a snapshot and summary of theoretical positions and actions taken by the Darin Newsom Analysis, Inc in-house trading algorithm. We’ve been looking at incorporating these into Weekly Analysis for quite some time. You will notice some blanks. This [...]
This is a snapshot and summary of theoretical positions and actions taken by the Darin Newsom Analysis, Inc in-house trading algorithm. We’ve been looking at incorporating these into Weekly Analysis for quite some time. You will notice some blanks. This [...]
This is a snapshot and summary of theoretical positions and actions taken by the Darin Newsom Analysis, Inc in-house trading algorithm. We’ve been looking at incorporating these into Weekly Analysis for quite some time. You will notice some blanks. This [...]
This is a snapshot and summary of theoretical positions and actions taken by the Darin Newsom Analysis, Inc in-house trading algorithm. We’ve been looking at incorporating these into Weekly Analysis for quite some time. You will notice some blanks. This [...]
This is a snapshot and summary of theoretical positions and actions taken by the Darin Newsom Analysis, Inc in-house trading algorithm. We’ve been looking at incorporating these into Weekly Analysis for quite some time. You will notice some blanks. This [...]
This is a snapshot and summary of theoretical positions and actions taken by the Darin Newsom Analysis, Inc in-house trading algorithm. We’ve been looking at incorporating these into Weekly Analysis for quite some time. You will notice some blanks. This [...]
This is a snapshot and summary of theoretical positions and actions taken by the Darin Newsom Analysis, Inc in-house trading algorithm. We’ve been looking at incorporating these into Weekly Analysis for quite some time. You will notice some blanks. This [...]
This is a snapshot and summary of theoretical positions and actions taken by the Darin Newsom Analysis, Inc in-house trading algorithm. We’ve been looking at incorporating these into Weekly Analysis for quite some time. You will notice some blanks. This [...]
This is a snapshot and summary of theoretical positions and actions taken by the Darin Newsom Analysis, Inc in-house trading algorithm. We’ve been looking at incorporating these into Weekly Analysis for quite some time. You will notice some blanks. This [...]
This is a snapshot and summary of theoretical positions and actions taken by the Darin Newsom Analysis, Inc in-house trading algorithm. We’ve been looking at incorporating these into Weekly Analysis for quite some time. You will notice some blanks. This [...]
Chart: November Soybeans Weekly The November contract posted a bearish key reversal last week Confirming the secondary (intermediate-term) trend has turned down. and the most recently bearish crossover by weekly stochastics above the overbought level of 80% the week of [...]
This is a snapshot and summary of theoretical positions and actions taken by the Darin Newsom Analysis, Inc in-house trading algorithm. We’ve been looking at incorporating these into Weekly Analysis for quite some time. You will notice some blanks. This [...]
This is a snapshot and summary of theoretical positions and actions taken by the Darin Newsom Analysis, Inc in-house trading algorithm. We’ve been looking at incorporating these into Weekly Analysis for quite some time. You will notice some blanks. This [...]
Soybeans Secondary (Intermediate-term) Trend: Up Contracts posted new highs last week, despite being sharply overbought. Fundamentals: Bullish Futures spreads are inverted, beyond the weak carry of the March-May DNAI Algorithm Theoretical Position: Long (Reduce) Reduce due to being sharply overbought [...]
New-Crop November 2022 Corn Secondary Trend = Up Indicating continued noncommercial buying activity. Fundamentals = Bullish The Nov-Jan futures spread closed Tuesday at an inverse of 3.0 cents The Nov-to-July forward curve was showing an inverse of 28.25 cents An [...]
March soybean meal could be in the process of trying to move into a secondary (intermediate-term) downtrend. Coming out of the US 3-day holiday weekend the March contract left a bearish price gap on its weekly chart between last week's [...]
New-crop November canola remains in a secondary (intermediate-term) downtrend while its minor (short-term) trend could be nearing a top. This uptrend looks to be Wave B (second wave) of the 3-wave secondary downtrend pattern. The contract has tested the upper-end [...]
Old-crop March soybeans extended its secondary (intermediate-term) uptrend to a high of $14.15 last week, putting it within striking distance of the contract high at $14.4550 early this week. Noncommercial traders continued to add to their net-long futures position while [...]
New-crop November canola remains in a secondary (intermediate-term) downtrend and a minor (short-term) uptrend. The contract is sharply overbought short-term, with daily stochastics approaching 100%. Once the minor trend turns down, the contract is expected to take out the initial [...]
March Soybean Meal extended its secondary (intermediate-term) uptrend to a high of $439.00 last week despite weekly stochastics already above the overbought level of 80% and approaching 100%. This was the highest a nearby bean meal contract has been since [...]
Market Type: 9 (Most Bullish) Secondary Trend: Up The March soybean contract extended its secondary (intermediate-term) uptrend to a new high of $13.8450 early Tuesday morning Noncommercial traders increased their net-long futures position by 39,656 contracts as of Tuesday, December [...]
Market Type: 9 (Most Bullish) Secondary Trend: Up I'm still going to call the secondary trend of the March futures contract up on its weekly chart. Thought the short-term trend is still sideways. Noncommercial traders increased their net-long futures position [...]
Market Type: 9 (Most Bullish) Secondary Trend: Up Though contracts have stalled of late, the intermediate-term trend remains up, in line with its 10-year seasonal index. Noncommercial traders decreased their net-long futures position by 10,897 contracts as of Tuesday, November [...]
Market Type: 8 (Neutral-to-Bullish) Secondary Trend: Up Futures contracts confirmed the recent move to secondary (intermediate-term) uptrends with new 4-week highs last week. Noncommercial traders added 19,333 contracts to their net-long futures position as of Tuesday, November 16 Including a [...]
Market Type: 8 (Neutral-to-Bullish) Secondary Trend: Up The January futures contract posted a bullish spike reversal last week, confirming a move to a new secondary (intermediate-term) uptrend. Initial resistance is at the 4-week high of $12.6625 Fundamentals: Neutral-Bullish The cmdty National [...]
Market Type: 2 (Neutral-to-Bearish) Secondary Trend: Down The January futures contract took out its previous 4-week low of $11.9575 during Monday's session This move might've triggered new short hedges to be put in place and reflects new selling by noncommercial [...]
Market Type: 5 (Neutral) Secondary Trend: Sideways The January futures contract is trending sideways, though leaning toward a bullish breakout beyond its previous 4-week high of $12.7375. Fundamentals: Neutral-Bullish My calculation of national average basis last Friday was 49.4 cents under [...]
Market Type: 5 (Neutral) Secondary Trend: Sideways Noncommercial traders have liquidated nearly 164,000 contracts of their long futures position since early May. At the same time, they have increased their short futures position by about 50,000 contracts. Recent activity has [...]
Market: Type 3 (less bearish) The secondary trend is down. November soybeans posted a new 4-week low of $12.6275 last week. Noncommercial traders decreased their net-long futures by 20,512 contracts for the week ending Tuesday, September 7 This included the [...]
Market Type: 3 (Less Bearish) Trends Secondary (intermediate-term): Down (3-wave pattern) The contract broke below trendline support at $13.65 the week of July 26 This completed a bear flag pattern And projects a pattern downside target near $11.60 This would [...]
Market Type: 3 (Less Bearish) Trends Secondary (intermediate-term): Down (3-wave pattern) The contract broke below trendline support at $13.65 the week of July 26 This completes the bear flag pattern And projects a pattern downside target near $11.60 This would [...]
Market Type: 3 (Less Bearish) Trends Secondary (intermediate-term): Down (3-wave pattern) The contract broke below trendline support at $13.65 the week of July 26 This completes the bear flag pattern And projects a pattern downside target near $11.60 This would [...]
Market Type: 3 (Less Bearish) Trends Secondary (intermediate-term): Down (3-wave pattern) The contract broke below trendline support at $13.65 early in Sunday's overnight session This completes the bear flag pattern And projects a pattern downside target of $11.61 Not this [...]
Market Type: 3 (Less Bearish) Trends Secondary (intermediate-term): Down (3-wave pattern) New 4-week lows the week of June 14 Target area (Nov soybeans) between $12.3025 and $11.5325 Trendline support this week is ~ $13.1750 The previous 4-week low is $12.4050 [...]
Market Type: 3 (Less Bearish) Trends Major (long-term): Down Bearish spike reversal on monthly charts at end of May Secondary (intermediate-term): Down (3-wave pattern) New 4-week lows the week of June 14 Target area (Nov soybeans) between $12.3025 and $11.5325 [...]
Though this is Weekly Analysis of November soybeans only, I’ve attached the contract’s short-term daily chart. Trends: The major trend did not turn down at the end of May, one of the few markets a bearish spike reversal was not [...]
Cash and Old-corp July Trend Minor (short-term): Down July futures tested its next price target of $15.1125 last week with Friday's low of $15.1225. With national average basis weakening, the contract could test last week's low, with the next target [...]
Cash and Old-corp July Trend Minor (short-term): Sideways A move below the previous 4-day low of $15.7325 would turn the trend down. Secondary (intermediate-term): Down The contract posted a bearish spike reversal on its weekly chart, a less than reliable [...]
Old-Crop Soybeans (July) Secondary Trend: Up Futures Spreads: Inverted, Bullish Market Type: 9, Most Bullish Analysis: July soybeans posted a new contract high of $15.9950 last week. This puts initial support this coming week at the previous 4-week low of [...]
Market Type: 9, Most Bullish Secondary Trend: Up Futures Spreads: Bullish. The Cost of Carry table is showing inverted futures spreads throughout the 2021-2022 marketing year. Basis: Bullish. Next week: Trends are up for the various timeframes (minor, secondary, major) [...]
Cash Soybeans: National Soybean Price Index (NSPI) Weekly Close: $13.7104, down 13.19 cents Basis: Bullish. Calculated at 29.46 cents under May futures Secondary Trend: Down* Analysis: The NSPI still looks to be in a secondary downtrend with initial support at [...]
Cash Soybeans: National Soybean Price Index (NSPI) Weekly Close: $13.8423, up 5.18 cents Basis: Bullish. Calculated at 32.01 cents under May futures Secondary Trend: Down* Analysis: Technically the NSPI still looks to be in a secondary downtrend based on the [...]
Cash Soybeans: National Soybean Price Index (NSPI) Weekly Close: $13.7905, down 14.97 cents Basis: Bullish. Calculated at 34.20 cents under May futures Secondary Trend: Down* Analysis: The NSPI posted a new high of $14.1050 last week before closing lower. Technically, [...]
Cash Soybeans: National Soybean Price Index (NSPI) Weekly Close: $13.9402, up 28.68 cents Basis: Bullish. Calculated at 35.97 cents under May futures Secondary Trend: Up Analysis: The NSPI posted a new 4-week high and new 4-month high last week, extending [...]
Cash Soybeans: National Soybean Price Index (NSPI) Weekly Close: $13.3070, up 6.98 cents Basis: Bullish. Calculated at 41.1 cents under March futures Secondary Trend: Sideways Analysis: The next couple weeks could be key to the direction of the NSPI, with [...]
Soybeans (Cash, Old-Crop Futures, New-Crop Futures): Secondary (Intermediate-term) Trend: Sideways Noncommercial Futures Position (as of Tuesday, February 2): Net-long 242,222 contracts, an increase of 5,789 contracts from the previous week. Basis: Bullish. Calculated at 43.0 cents under March futures as [...]
Soybeans (Cash, Old-Crop Futures, New-Crop Futures): Minor (Short-term) Trend: Down (as of Tuesday, January 19) Secondary (Intermediate-term) Trend: Down (as of Friday, January 22) Major (Long-term) Trend: Up* Noncommercial Futures Position (as of 01/19/21): Net-long 22,687 contracts, a decrease of [...]
Soybeans (Cash, Old-Crop Futures, New-Crop Futures): Secondary Trend: Up Major Trend: Up Noncommercial Futures Position (as of 01/12/21): Net-long 230,857 contracts, a decrease of 10,771 contracts from the previous week. Basis: Bullish. Calculated at 44.2 cents under March futures, as [...]
Soybeans (Cash, Old-Crop Futures, New-Crop Futures): Secondary Trend: Up Major Trend: Up Noncommercial Futures Position (as of 01/05/21): Net-long 241,568, a decrease of 18,880 contracts from the previous week. Basis: Bullish. Calculated at 43.7 cents under March futures, as compared [...]
Cash Soybeans: National Soybean Price Index (NSPI) Weekly Close: $11.7523, up 60.43 cents Basis: Bullish. Calculated at 44.8 cents under January futures Secondary Trend: Up Analysis: The NSPI extended its secondary uptrend last week with the weekly close the highest [...]
Cash Soybeans: National Soybean Price Index (NSPI) Weekly Close: $11.1475, down 2.00 cents Basis: Bullish. Calculated at 45.7 cents under January futures Secondary Trend: Sideways Analysis: The NSPI weekly close-only chart looks to be nearing a bearish turn, with last [...]
National Soybean Price Index (NSPI) Weekly Close: $10.98, up $0.47. Secondary Trend: Up. Basis: Bullish. Market Type: 9 = Most Bullish. Price Distribution: Upper 1% = Bearish. Target: None at this time. Analysis: The NSPI extended its secondary uptrend to [...]
National Soybean Price Index (NSPI) Weekly Close: $10.51, up $0.44. Secondary Trend: Up. Basis: Bullish. Market Type: 9 = Most Bullish. Price Distribution: Upper 2% = Bearish. Target: None at this time. Analysis: The NSPI rallied to a new high [...]
National Soybean Price Index (NSPI) Weekly Close: $10.07, down $0.24. Secondary Trend: Down. Basis: Bullish. Market Type: 3 = Less Bearish. Price Distribution: Upper 3% = Bearish. Target: $9.63. Analysis: After posting a new high of $10.42 the NSPI closed [...]
National Soybean Price Index (NSPI) Weekly Close: $10.31, up $0.36. Secondary Trend: Up. Basis: Bullish. Market Type: 9 = Most Bullish. Price Distribution: Upper 2% = Bearish. Target: None at this time. Analysis: The market remains sharply overbought, but this [...]
National Soybean Price Index (NSPI) Weekly Close: $9.95, down $0.16. Secondary Trend: Sideways. Basis: Bullish. Market Type: 6 = Neutral-Bullish. Price Distribution: Upper 5% = Bearish. Target: None at this time. Analysis: Though it posted an inside trading range last [...]
National Soybean Price Index (NSPI) Weekly Close: $10.11, up $0.43. Secondary Trend: Up. Basis: Bullish. Market Type: 9 = Most Bullish. Price Distribution: Upper 3% = Bearish. Target: None at this time. Analysis: The NSPI abruptly reignited its secondary uptrend [...]
National Soybean Price Index (NSPI) Weekly Close: $9.6767, up $0.2157. Secondary Trend: Down. Basis: Bullish. Market Type: 3 = Less Bearish. Price Distribution: Upper 12% = Bearish. Target: None at this time. Analysis: An initial retracement following a 2-week reversal [...]
Theoretical Position Update (9/28/20) The latest NASS weekly crop progress estimate that put US harvest at 20% complete (as of 9/27). Based on the National Soybean Price Index (NSPI) Theoretical Position (see below), roughly 5% of newly harvested cash bushels [...]
National Soybean Price Index (NSPI) Weekly Close: $9.8636, up $0.4841. Secondary Trend: Up. Basis: Bullish. Market Type: 9 = Most Bullish. Price Distribution: Upper 7% = Bearish. Target: Major = $9.98. Analysis: The NSPI extended its secondary uptrend to a [...]
National Soybean Price Index (NSPI) Weekly Close: $9.3795, up $0.2757. Secondary Trend: Up. Basis: Neutral. Market Type: 8 = Bullish. Price Distribution: Upper 24% = Bearish. Target: Major = $9.98. Analysis: While the NSPI continues to show the characteristics of [...]
National Soybean Price Index (NSPI) Weekly Close: $9.1038, up $0.1045. Secondary Trend: Up. Basis: Neutral. Market Type: 8 = Bullish. Price Distribution: Upper 36% = Neutral. Target: Major = $9.98. Analysis: As discussed in Monthly Analysis, the NSPI is in [...]
National Soybean Price Index (NSPI) Weekly Close: $8.9993, up $0.4553. Secondary Trend: Up. Basis: Bullish. Market Type: 9 = Most Bullish. Price Distribution: Upper 41% = Neutral. Target: Major = $9.98. Analysis: Last week saw the NSPI move above its [...]
National Soybean Price Index (NSPI) closed near $8.54 1/2, up 4 3/4 cents for the week. Trends: Secondary = Down. Targets: Secondary = $8.17 1/2. Analysis: Despite last week’s higher close, the NSPI still looks to be in a secondary [...]
National Soybean Price Index (NSPI) closed near $8.49 3/4, up 31 3/4 cents for the week. Trends: Secondary = Down. Targets: Secondary = $8.05. Analysis: The NSPI still looks to be in a secondary downtrend on its weekly close-only chart [...]
Soybeans November 2020 closed at $8.67 1/4, down 30 3/4 cents for the week. Trends: Secondary = Down. Targets: Secondary = $8.62 Theoretical Position: 25% of expected 2020 production was covered near $9.68 (roughly the close the week of October 21). Another 25% could’ve been done [...]
National Soybean Price Index (NSPI) closed near $8.49 1/4, down 17 1/4 cents for the week. Trends: Secondary = Down. Targets: Secondary = $8.34 to $8.07 1/2. Analysis: After extending the previous uptrend to a high of $8.77 the NSPI [...]
Soybeans November 2020 closed at $8.99 1/2, up 4 1/2 cents for the week. Trends: Minor = Sideways. Secondary = Up. Targets: Secondary = $9.12 1/2 to $9.24 3/4. Theoretical Position: 25% of expected 2020 production was covered near $9.68 [...]
National Soybean Price Index (NSPI) closed near $8.57 1/2, up 13 3/4 cents for the week. Trends: Secondary = Up. Targets: Secondary = $8.61 1/4, then $8.72 1/2. Analysis: The trend of the NSPI remains up, though there are reasons [...]
National Soybean Price Index (NSPI) closed near $8.43 1/2, down 5 1/4 cents for the week. Trends: Minor = Down. Major = Down. Targets: Minor = $8.24 1/4 to $8.01 1/2. Analysis: I’m switching gears in the oilseed complex and [...]
National Soybean Price Index (NSPI) closed near $8.20, down 13 3/4 cents for the week. Trends: Minor = Down. Secondary = Up. Targets: Minor = $8.09 3/4 to $8.01. Analysis: The minor trend rolled over, with daily stochastics still above [...]
National Soybean Price Index (NSPI) closed near $8.33 3/4, up 6 1/2 cents for the week. Trends: Minor = Up but looking to roll over. Secondary = Up. Targets: Minor = $8.09 3/4 to $8.01. Analysis: Once again the minor [...]
National Soybean Price Index (NSPI) closed near $8.27 1/4, up 3 3/4 cents for the week. Trends: Minor = Up (from April 20) but overbought, Secondary = Up, Major = Down. Conclusion: The secondary uptrend offset the previous week’s bearish [...]
National Soybean Price Index (NSPI) closed near $8.23 1/2, up 26 cents for the week. Trends: Minor = Up (from April 20) though overbought and indicating a move to a downtrend, Secondary = Up, Major = Down. Conclusion: Daily stochastics [...]
Cash Soybeans: The cmdty National Soybean Price Index (NSPI) closed near $7.97 1/4, up 8 1/2 cents for the week. I’m going to call the secondary trend sideways-to-down, with initial support at the 4-week low of $7.85 1/2 and resistance [...]
Cash Soybeans: The cmdty National Soybean Price Index (NSPI) closed near $7.88 3/4, down 5 1/2 cents for the week. The secondary trend still looks to be down, with support at the previous low near $7.64 1/2 (week of April [...]
Cash Soybeans: The cmdty National Soybean Price Index (NSPI) closed near $8.05 1/2, up 2 1/4 cents for the week. The simplest technical analysis of the NSPI shows a continued series of lower highs and lower lows indicating a secondary [...]
Cash Soybeans: The cmdty National Soybean Price Index (NSPI) closed near $7.89 1/2, up 1/2 cents for the week. The NSPI extended its major downtrend to a new low of $7.64 1/2 before rallying abruptly. Still, the NSPI is showing [...]
Cash Soybeans: The cmdty National Soybean Price Index (NSPI) closed near $7.89, down 30 1/4 cents for the week. For now, the secondary trend remains up with support at the low of $7.77 1/4. If this is taken out it [...]
Cash Soybeans: The cmdty National Soybean Price Index (NSPI) closed near $8.19 1/4, up 9 1/4 cents for the week. The NSPI continues to consolidate between support at its 4-week low of $7.72 1/4 and resistance at its 4-week high [...]
Cash Soybeans: The cmdty National Soybean Price Index (NSPI) closed near $8.10, down 26 1/2 cents for the week. The NSPI still looks to have completed its previous 3-wave secondary downtrend, with last week’s turn to a minor downtrend looking [...]
Cash Soybeans: The cmdty National Soybean Price Index (NSPI) closed at $8.36 1/2, up 20 1/2 cents for the week. The NSPI followed the previous week’s secondary (intermediate term) bullish spike reversal with a bullish gap last week. However, last [...]
Cash Soybeans: The cmdty National Soybean Price Index (NSPI) closed at $8.16, up 16 cents for the week. The NSPI posted what looks to be a secondary (intermediate term) bullish spike reversal on its weekly chart after hitting a new [...]
Cash Soybeans: The cmdty National Soybean Price Index (NSPI) closed at $8.00, down 40 3/4 cents for the week. The NSPI is in Wave C (third wave) of its secondary (intermediate term) 3-wave downtrend having moved to a new 4-week [...]
Cash Soybeans: The cmdty National Soybean Price Index (NSPI) closed at $8.40 3/4, up 3/4 cent for the week. Despite its higher weekly close the NSPI remains in a secondary (intermediate term) 3-wave downtrend, with confirmation of Wave C (third [...]
Cash Soybeans: The cmdty National Soybean Price Index (NSPI) closed at $8.40, down 4 cents for the week. The NSPI remains in Wave C (third wave) of its secondary (intermediate term) 3-wave downtrend, posting a low of $3.23 1/4 before [...]
Cash Soybeans: The cmdty National Soybean Price Index (NSPI) closed at $8.44, down 1 1/2 cents for the week. The NSPI remains in a secondary (intermediate term) 3-wave downtrend with last week’s high of $8.54 3/4 another test of the [...]
Cash Soybeans: The cmdty National Soybean Price Index (NSPI) closed at $8.45 3/4, up 14 cents for the week. Despite another higher weekly close the NSPI remains in a secondary (intermediate term) 3-wave downtrend. The minor (short term) trend uptrend [...]
Cash Soybeans: The cmdty National Soybean Price Index (NSPI) closed at $8.31 3/4, up 11 1/2 cents for the week. Despite its higher weekly close the NSPI remains in a secondary (intermediate term) 3-wave downtrend. The minor (short term) trend [...]
Cash Soybeans: The cmdty National Soybean Price Index (NSPI) closed at $8.20 1/4, down 27 cents for the week. The NSPI extended its secondary (intermediate term) downtrend to a low of $8.20 last week. Next support is the previous secondary [...]
Cash Soybeans: The cmdty National Soybean Price Index (NSPI) closed at $8.47 1/4, down 27 1/2 cents for the week. The NSPI confirmed a move to a new secondary (intermediate term) downtrend by moving below the previous 4-week low of [...]
Cash Soybeans: The cmdty National Soybean Price Index (NSPI) closed at $8.74 3/4, down 15 1/4 cents for the week. The NSPI is still indicating a potential Wave 5 peak to its secondary (intermediate term) uptrend, though no confirming reversal [...]
Cash Soybeans: The cmdty National Soybean Price Index (NSPI) closed at $8.90, up 5 1/2 cents for the week. While the NSPI still looks to be in position to establish a Wave 5 peak to its secondary (intermediate term) uptrend, [...]
Cash Soybeans: The cmdty National Soybean Price Index (NSPI) closed at $8.84 1/2, up 3 1/2 cents for the week. For the second consecutive week the NSPI looks to have completed a 5-wave secondary uptrend. Weekly stochastics remain bearish above [...]
Cash Soybeans: The cmdty National Soybean Price Index (NSPI) closed at $8.81 1/4, up 3 cents for the week. The NSPI looks to have completed a 5-wave secondary uptrend last week, despite the higher weekly close. Friday’s settlement was near [...]
Cash Soybeans: The cmdty National Soybean Price Index (NSPI) closed at $8.54, up 20 1/2 cents for the week. Cash soybeans remain a complicated market, starting with a minor (short term) uptrend that looks to have come to an end [...]
Cash Soybeans: The cmdty National Soybean Price Index (NSPI) closed at $8.33 1/2, up 15 cents for the week. While the secondary (intermediate term) trend could still be classified as down, the minor (short term) trend turned up last week. [...]
Cash Soybeans: The cmdty National Soybean Price Index (NSPI) closed at $8.18 1/2, down 17 3/4 cents for the week. The NSPI extended its secondary (intermediate-term) downtrend last week with the next downside target near $8.11 1/4. This price marks [...]
Cash Soybeans: The cmdty National Soybean Price Index (NSPI) closed at $8.36 1/4, down 18 1/4 cents for the week. The NSPI hit its minor (short term) downside target near $8.34 3/4 Friday before slightly into the close. This was [...]
Cash Soybeans: The cmdty National Soybean Price Index (NSPI) closed at $8.54 1/2, down 8 1/2 cents for the week. The NSPI is an interesting study in that its minor (short term) trend looks to have turned up on the [...]
Cash Soybeans: The cmdty National Soybean Price Index (NSPI) closed at $8.63, down 2 cents for the week. The NSPI still looks to be in a secondary (intermediate term) downtrend based on the recent bearish key reversal (week of October [...]
Cash Soybeans: The cmdty National Soybean Price Index (NSPI) closed at $8.65 1/4, up 9 cents for the week. Despite the higher weekly close the NSPI remains in a secondary (intermediate term) downtrend based on the recent bearish key reversal [...]
Cash Soybeans: The cmdty National Soybean Price Index (NSPI) closed at $8.56, down 9 cents for the week. The NSPI followed through on the previous week’s bearish crossover by weekly stochastics above the overbought level of 80% by posting a [...]
Cash Soybeans: The cmdty National Soybean Price Index (NSPI) closed at $8.65, up 2 1/2 cents for the week. The NSPI extended its secondary (intermediate term) uptrend to $8.71 3/4 last week before falling back a bit at the close. [...]
Cash Soybeans: The cmdty National Soybean Price Index (NSPI) closed at $8.62 1/2, up 21 3/4 cents for the week. I’m going to continue to focus on the major (long term) trend again this week given the NCPI posted a [...]
Cash Soybeans: The cmdty National Soybean Price Index (NSPI) closed at $8.40 3/4, up 37 1/4 cents for the week. I’m going to focus on the long-term monthly chart again this week, given the NCPI poked its head outside the [...]
Cash Soybeans: The cmdty National Soybean Price Index (NSPI) closed at $8.03 1/2, up 3 1/2 cents for the week. It’s interesting to note the NSPI is set to establish a bullish outside month on its long-term monthly chart, indicating [...]
Cash Soybeans: The cmdty National Soybean Price Index (NSPI) closed at $8.00, down 15 3/4 cents for the week. Soybean charts are a tough read, technically, given the number of conflicting patterns established over the last few weeks. First, the [...]
Cash Soybeans: The cmdty National Soybean Price Index (NSPI) closed at $8.15 3/4, 41 cents for the week. The NSPI abruptly changed course last week, posting a bullish key reversal after establishing a new 4-week low of $7.68. Last week’s [...]
Cash Soybeans: The cmdty National Soybean Price Index (NSPI) closed at $7.74 3/4, down 15 1/2 cents for the week. The NSPI took out its previous low of $7.73 1/4 by hundredths of a cent before closing near its new [...]
Cash Soybeans: The cmdty National Soybean Price Index (NSPI) closed at $7.90 1/4, up 12 1/4 cents for the week. The NSPI continues to consolidate within the range form the week of July 29 of $8.25 and $7.73 1/4. However, [...]
Cash Soybeans: The cmdty National Soybean Price Index (NSPI) closed at $7.78, down 21 1/4 cents for the week. The market looks poised to extend its secondary (intermediate-term) downtrend with support at the 4-week low of $7.73 1/4. Weekly stochastics [...]
Cash Soybeans: The cmdty National Soybean Price Index (NSPI) closed at $7.99 1/4, down 9 3/4 cents for the week. The most significant trend for the NSPI is the minor (short-term) uptrend on its daily chart. Last week’s sell-off could [...]
Cash Soybeans: The cmdty National Soybean Price Index (NSPI) closed at $8.09 1/4, up 23 3/4 cents for the week. As with cash corn, there are a number of trends in play with the NSPI. Most notably, the minor (short-term) [...]
Cash Soybeans: The cmdty National Soybean Price Index (NSPI) closed at $7.85 1/2, down 32 1/4 cents for the week. The NSPI followed through on the previous week’s bearish crossover by weekly stochastics, falling to a new 4-week low of [...]
Cash Soybeans: The cmdty National Soybean Price Index (NSPI) closed at $8.17 3/4, down 15 1/4 cents for the week. While the NSPI consolidated again last week, the lower close was enough to establish a bearish crossover by weekly stochastics [...]
Cash Soybeans: The cmdty National Soybean Price Index (NSPI) closed at $8.33, down 11 cents for the week. The NSPI posted an inside week last week, though still looking to be in a secondary (intermediate-term) 5-wave uptrend. Initial resistance is [...]
Cash Soybeans: The cmdty National Soybean Price Index (NSPI) closed at $8.44, up 41 3/4 cents for the week. Cash soybeans abruptly changed course last week as the NSPI posting a bullish outside trading range. This move also extended the [...]
Cash Soybeans: The cmdty National Soybean Price Index (NSPI) closed at $8.02 1/4, down 25 1/4 cent for the week. Cash soybeans look to be in a minor (short-term) and secondary (intermediate-term) downtrend on its daily and weekly charts respectively. [...]
