Weekly Analysis: Soybeans

2021-07-26T08:27:33-05:00July 26th, 2021|Oilseeds|

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 [...]

Weekly Analysis: Soybeans

2021-06-22T07:19:41-05:00June 22nd, 2021|Oilseeds, Weekly Analysis|

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 [...]

Weekly Analysis: Oilseeds

2021-05-09T14:39:26-05:00May 9th, 2021|Oilseeds, Weekly Analysis|

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 [...]

Weekly Analysis: Soybeans

2021-03-08T09:11:13-06:00March 8th, 2021|Oilseeds, Weekly Analysis|

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 [...]

Weekly Analysis: Soybeans

2021-02-07T16:01:05-06:00February 7th, 2021|Oilseeds, Weekly Analysis|

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 [...]

Weekly Analysis: Soybeans

2021-01-24T14:41:25-06:00January 24th, 2021|Oilseeds, Weekly Analysis|

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 [...]

Weekly Analysis: Soybeans and Canola

2020-12-13T12:53:25-06:00December 13th, 2020|Oilseeds, Weekly Analysis|

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 [...]

Weekly Analysis: Oilseeds

2020-11-15T13:30:17-06:00November 15th, 2020|Oilseeds, Weekly Analysis|

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 [...]

Weekly Analysis: Oilseeds

2020-11-08T16:20:09-06:00November 8th, 2020|Oilseeds, Weekly Analysis|

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 [...]

Weekly Analysis: Oilseeds

2020-10-18T14:08:08-05:00October 18th, 2020|Oilseeds, Weekly Analysis|

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 [...]

Weekly Analysis: Oilseeds

2020-10-11T09:06:28-05:00October 11th, 2020|Oilseeds, Weekly Analysis|

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 [...]

Weekly Analysis: Oilseeds

2020-09-20T13:21:00-05:00September 20th, 2020|Oilseeds, Weekly Analysis|

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 [...]

Weekly Analysis: Oilseeds

2020-09-13T14:00:17-05:00September 13th, 2020|Oilseeds, Weekly Analysis|

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 [...]

Weekly Analysis: Oilseeds

2020-09-06T11:48:54-05:00September 6th, 2020|Oilseeds, Weekly Analysis|

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 [...]

Weekly Analysis: Oilseeds

2020-08-09T16:07:49-05:00August 9th, 2020|Oilseeds, Weekly Analysis|

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 [...]

Weekly Analysis: Oilseeds

2020-07-26T11:58:06-05:00July 26th, 2020|Oilseeds, Weekly Analysis|

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 [...]

Weekly Analysis: Oilseeds

2020-06-14T06:57:31-05:00June 14th, 2020|Oilseeds, Weekly Analysis|

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 [...]

Weekly Analysis: Oilseeds

2019-05-12T08:53:00-05:00May 12th, 2019|Oilseeds|

Cash Soybeans: The cmdty National Soybean Price Index (NSPI) closed at $7.25, down 31 1/2 cents for the week. The NSPI remains in a strong contra-seasonal secondary (intermediate-term) downtrend, with its sights now set on major support at $7.11. This [...]

Oilseeds

2019-01-20T13:12:09-06:00January 19th, 2019|Oilseeds|

Cash Soybeans: The National Soybean Index (NSI) closed at $8.24 3/4, up 5 3/4 cents for the week. Despite its higher weekly close the Barchart National Soybean Index (NSI) remains in a secondary (intermediate-term) downtrend. Confirmation of this would be [...]

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