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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 current trades we are in. The Pit is where we post new trade recommendations. 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 as you may not want your neighbor knowing what you are up to. Archives
October 2020
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