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.

20170118_ZS

i10 Research subscribers can view our research and current portfolios by logging into the Client Research Center via the Client Login tab in the upper right corner of our website.

To non-subscribers:  Request more information about us, including trials, service and pricing options, by visiting our Contact Us page or by calling 646.535.0369.