CJS Securities

Oilseeds Report

27 September 2021

Weekly CBOT Soybean Continuous Close

Another week of zero volatility with no change in the below commentary.

This correction remains far from over and could take a good few weeks, if not months, to complete.

Use all the rallies to take profit but keep a core long as the major trend/cycle is up.

Please don’t chase this market as technically there are BULL traps being set everywhere!

If you are lucky enough to see a move sub $12.40 (November 21), own it for the LT.

240 Min CBOT November 21 Soybean Candle Chart

#No Change in Commentary

After printing $12.63 this chart looks set to rally to the $13.40 level.

However, I highly doubt this is the start of the “new” bull market and feel we should trade lower after the ST rally.  

BTD until sub $11.80 should we get there. 

Board Crush Continuous Daily Close

This chart is as ugly as anything I have seen and I would stay out until further notice.

TBH, I would not be surprised to see this chart come off from current levels. 

Oil Share Continuous Daily Close

#No Change in Commentary

We are bullish and long but will put in a stop loss under 44%.

Overall I do not trust the current formation. 

Weekly SAF Soy Continuous Close

#No Change in commentary.

We are looking to buy this chart further into weakness and are “hoping” (which has no place in trading) that this chart still prints R7000 in the coming weeks. 

Weekly SAF Suns Continuous Close

I love this chart with new ATH’s coming soon and TBH who knows how high this could go!

The chart has nice weekly double tops, but the overall formation is there to make a new high, while all pullbacks are buying opportunities, as the bull market is far from over.

I would to buy scale down from R9550. – this is aging pretty well for now.

Weekly CBOT Soy Oil Continuous Close

I am super bullish and starting to wonder if the energy / power issues in China will transpire as the trigger for the below number to play out?

I feel the correction is done, (I feel good about this one) and all the pullbacks from here are buying opportunities with upside targets between $0.85 -$0.89!

I almost feel that we don’t have enough cash to get as long as we should, buy at best and scale down, this is budget making stuff with sprinkling of retirement!!!!  

Weekly CBOT SBM Continuous Close

My SBO view and SBM views have converged and buying right here and into weakness is all I will do!

I am starting to wonder if the energy / power issues in China will transpire as the trigger for my bullish view to play out?