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Farmers Should Sell Soybeans

9/9/2020

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Soybeans have been on a tear lately.  The November Bean contract is only 8 cents away from the contract highs.  The commodity Channel Index will be giving a sell signal now any day.  This would only be the second sell signal the Nov contract has had over the past two years.
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Soybeans have only had weekly sell signals given th the Weekly CCI 4 times over the past 10 years.  We are about to have one of those signals.
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Over the past 10 years, we have only had optimism at excessive levels 6 times.  We are at excessive optimism now.
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It is my belief you should be aggressive selling soybean, and I would not be afraid to begin selling 2021 soybeans now.
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  • Home
  • Speculation
  • The Pit
  • Resources
    • Futures Contract Specs
    • Tools
    • Terminology
    • Past Trade Performance
    • Crop Overview >
      • Corn
      • Soybeans
      • Wheat
      • Supply/Demand Factors
    • About
  • Disclaimer