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Soybean chart downtrend
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pigfarmer82
Posted 11/6/2023 05:51 (#10470621)
Subject: Soybean chart downtrend


north central Ohio
I asked last time if fundamentals changed enough to close above this line and it broke down so I guess we know the answer now. So here we we are again several weeks later. With harvest pressure getting behind us and looking at ending stocks and brazil crop uncertainty can we close above it or should it still be sold? No I don’t have a real prediction but feel it should push through it this time or chop sideways through it but downtrends are hard to kill and $13.60 is a pretty good price still. More exciting then corn anyways

Edited by pigfarmer82 11/6/2023 05:54




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