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): 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 [...]

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: $9.6767, 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: $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 [...]

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 [...]

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 $8.23 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 $8.47 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. [...]

Cash Soybeans: The cmdty National Soybean Price Index (NSPI) closed at $8.27 1/2, down 1/4 cent for the week. The slightly lower weekly close was enough for weekly stochastics to establish a bearish crossover above the overbought level of 80% [...]

Cash Soybeans: The cmdty National Soybean Price Index (NSPI) closed at $8.19 3/4, up 43 cents for the week. The NSPI extended its secondary (intermediate-term) 5-wave uptrend last week, posting a bullish outside range in the process. Next resistance is [...]

Cash Soybeans: The cmdty National Soybean Price Index (NSPI) closed at $7.76 3/4, down 18 1/2 cents for the week. Despite its lower weekly close, the NSPI remains in a secondary (intermediate-term) 5-wave uptrend. However, its minor (short-term) trend is [...]

Cash Soybeans: The cmdty National Soybean Price Index (NSPI) closed at $7.95 1/4, up 48 1/4 cents for the week. The NSPI extended its secondary (intermediate-term) 5-wave uptrend to a new high of $8.08 1/4 last week. This pushed it [...]

Cash Soybeans: The cmdty National Soybean Price Index (NSPI) closed at $7.47, up 8 1/2 cents for the week. The NSPI continues to indicate it is in a secondary (intermediate-term) 5-wave uptrend following the recent bullish spike reversal (week of [...]

Cash Soybeans: The cmdty National Soybean Price Index (NSPI) closed at $7.38 3/4, up 13 3/4 cents for the week. While the NSPI posted a bullish key reversal on its weekly chart, indicating its secondary (intermediate-term) trend has turned up. [...]

Cash Soybeans: The cmdty National Soybean Price Index (NSPI) closed at $7.56 1/4, down 18 1/4 cents for the week. The NSPI remains in a secondary (intermediate-term) downtrend as it close below support near $7.61 last week. This price marks [...]

Cash Soybeans: The cmdty National Soybean Price Index (NSPI) closed at $7.74 1/2, down 24 cents for the week. The NSPI remains in a secondary (intermediate-term) downtrend, closing below support near $7.76 1/2. This price marks the 50% retracement level [...]

Cash Soybeans: The cmdty National Soybean Price Index (NSPI) closed at $7.98 1/2, down 13 1/2 cents for the week. The NSPI remains in a secondary (intermediate-term) downtrend with support still near $7.92 1/4. This price marks the 38.2% retracement [...]

Cash Soybeans: The cmdty National Soybean Price Index (NSPI) closed at $8.12, down 2 3/4 cents for the week. The NSPI remains in a secondary (intermediate-term) downtrend with support still near $7.92 1/4. This price marks the 38.2% retracement level [...]

Cash Soybeans: The cmdty National Soybean Price Index (NSPI) closed at $8.14 3/4, up 16 cents for the week. Despite its higher weekly close the NSPI remains in a secondary (intermediate-term) downtrend with next support near $7.92 1/4. This price [...]

Cash Soybeans: The cmdty National Soybean Index (NSI) closed at $7.98 3/4, down 18 1/4 cents for the week. The NSI remains in a secondary (intermediate-term) downtrend with next support near $7.92 1/4. This price marks the 38.2% retracement level [...]

Cash Soybeans: The cmdty National Soybean Index (NSI) closed at $8.17, down 4 3/4 cents for the week. The NSI still looks to be in a secondary (intermediate-term) downtrend with initial support at the 4-week low of $8.00. National average [...]

Cash Soybeans: The cmdty National Soybean Index (NSI) closed at $8.21 3/4, up 14 1/4 cents for the week. Despite its higher weekly close the NSI still looks to be in a secondary (intermediate-term) downtrend. Last week saw cash soybeans [...]

Cash Soybeans: The cmdty National Soybean Index (NSI) closed at $8.07 1/2, down 12 3/4 cents for the week. The NSI is in a secondary (intermediate-term) downtrend having posted a new 4-week low of $8.01 3/4. The next downside target [...]

Cash Soybeans: The cmdty National Soybean Index (NSI) closed at $8.20 1/4, down 4 3/4 cents for the week. The NSI posted another bearish signal last week with its activity establishing a bearish outside range including a new 4-week low [...]

Cash Soybeans: The cmdty National Soybean Index (NSI) closed at $8.24 3/4, up 3 1/2 cents for the week. The NSI remains a complicated market with its major (long-term) chart continuing to show an ascending triangle bottom, an important pattern [...]

Cash Soybeans: The cmdty National Soybean Index (NSI) closed at $8.21 1/4, down 6 1/4 cents for the week. As discussed last week, cash soybeans remain a complicated market. It’s major (long-term) chart continues to show an ascending triangle bottom, [...]

Cash Soybeans: The cmdty National Soybean Index (NSI) closed at $8.27 1/2, down 1 1/2 cents for the week. Cash soybeans remain one of the most interesting studies in the commodity sector. Despite the market’s bearish fundamentals, indicated by the [...]

Cash Soybeans: The Barchart National Soybean Index (BNSI) closed at $8.29, down 5 1/2 cents for the week. The BNSI is showing a number of secondary (intermediate-term) technical signals on its weekly chart. First and foremost is a rising wedge, [...]

Cash Soybeans: The National Soybean Index (NSI) closed at $8.34 1/2, up 9 3/4 cents for the week. The Barchart National Soybean Index (NSI) now looks to be in a secondary (intermediate-term) sideways trend, threatening a move to a new [...]