Chart of the Day – May Soybeans

Jeff FosseGeneral Commentary

The information and opinions expressed below are based on my analysis of price behavior and chart activity Monday, March 10, 2025 May Soybeans (Daily) The May Soybean contract closed down 11 cents on Monday, at 10.14.  Today’s bar can be considered a “Bearish Engulfment” and is typically a sign of further weakness to come.  Overall, the trend appears to be …

Chart of the Day – November Soybeans

Jeff FosseGeneral Commentary

The information and opinions expressed below are based on my analysis of price behavior and chart activity Wednesday, February 26, 2025 November Soybeans (Daily) Today, November Soybeans closed at 10.45 ½, down 5 ½ cents.  This is the weakest close for new crop Beans since Feb 13th.  However, you may notice that the 50-and 100-day moving averages (green, grey.  10.33 …

Chart of the Day – May Soybeans

Jeff FosseGeneral Commentary

The information and opinions expressed below are based on my analysis of price behavior and chart activity Tuesday, February 18, 2025 May Soybeans (Daily) Today, May Soybeans settled at 10.48 ¼, down 7 ¼ cents.  Volume was high at just over 111,000 contracts traded, setting a new volume high for May futures.  The close pushed prices back below the 5- …