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Soybean rally?
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Conan the Farmer
Posted 2/12/2017 21:45 (#5835966 - in reply to #5835927)
Subject: RE: Soybean rally?



South Central Iowa
Where is the gap up that I read about down below, huh?????????

Haha; just joking with you.

Might be reading a little bit too much into a market that is down 3 cents. As I look at it, uptrend support on the nearby is currently at $10.44'4 and at close of trade tomorrow will be at $10.47'4. So for me the thing will need to be down 13 cents at close to feel negative. Bears had the initiative a half hour after open, but they failed to hold it. Currently sellers don't appear to exist in any appreciable amount; they fail constantly and the only big down days are long liquidation days which have no follow through.

See what the day brings, that will matter more!
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