Good Morning,
This looks like the 50 cent break, 1017 is where they all seem to swing as a pivot. Bean lower on week in Aug, 1001, low. 20 cents air under. 1033 was half way red line.
This is late and I didn’t think it mattered or anyone traded but Sept missed, 1038 1/2 an OLS off memory.
Bean oil, Its how they play these macro lines which are pretty good overall, gold and crude seem best but this held, didn’t close over, then the high BOQ, now the low 33.14
Corn- org (non fibo) and another yellow, & purple line or two, helped farmers sell corn, hopefully. These have all been here on run up.
Do farmers ever get flat? If you don’t you may be like the short seller Nasd index traders and I can help. See the feeder cattle 2-part charts, When olive is wrong it is really wrong and todays early high is a target of that OLS as computers buy Aug feeders until target prints, not guarenteed but happens dozens of times last year in specific timeframes. Long terms tend to pay big like buy beans $9.06 pre qtr end2.
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