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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.  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.  Over the past 10 years, we have only had optimism at excessive levels 6 times. We are at excessive optimism now.  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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This PageThe Speculation page is used for educational purposes and to talk about our opinion on trades and what is going on in the market. All trade recommendations are made in "The Pit". This is also a blog page where you can ask questions, post your thoughts, or ask for help. Be sure to use an anonymous name. If you have any questions feel free to reach out to us via email. Archives
May 2021
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