Harvesting Profits in Soybeans

Who’s making money on this straight up move in beans?  Farmers.  And volume-at-price traders.

Here’s my analysis posted on January 4th and I’ve included a before/after chart picture here as well.

The test to the support zone at 988 – 997’4 provided an excellent limited-risk opportunity to get long beans.

After the initial rally response from that support zone, it took one last retest before it gained traction on the upside in a major way.

Beans are now up 75 cents from that long opportunity.  Not a bad harvest for a couple of weeks.


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