CJS Securities

Oilseeds Report

23 November 2021

Weekly CBOT Soybean Continuous Close

I am now calling the low of the market for the MT but will only get excited once we have a  Weekly Close over $13.02.  

One should use the volatility to play the ranges with a bias to building a decent long sub $12.00! I hope many of you played ball sub $12.00 as we printed $11.84.

Most should be long at seriously good levels sub $12.00 and feeling very comfortable.


We just need to ride out the next few weeks before the rally continues in earnest! 

240 Min CBOT November 21 Soybean Candle Chart

I seriously doubt that this chart will make a new low but rather only a pullback!

I really like what I see currently so keep BTD’s and play the ranges until we have a move and close over $13.08 when the bull market confirms. 

Board Crush Continuous Daily Close

After a massive rally and topping out, this chart is pulling back.

We are keen to get in again but will need more data / a better formation before making a decision. 

Oil Share Continuous Daily Close

More downside this last week, but this chart is due a serious kick as its extremely oversold.

We are keen to sell a rally but will need to see how high it wants to kick

Weekly SAF Soy Continuous Close

After bottoming sub R7000, This chart looks great, and I expect a move to over R8000 in the coming weeks!

One should use weakness to price daily! – this has been the staple over the last six weeks. 

Weekly SAF Suns Continuous Close

New ATH’s and based on its formation, the chart wants to go higher.

I would advise having no part in this if you do not already have a position as both longs and shorts could see their wallets emptied.    

Weekly CBOT Soy Oil Continuous Close

#No Change in Commentary. (steady as she goes)

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

#No change in the below commentary

I love the chart, and after confirming a low, all the pullbacks are a chance to BTFD’s!

$400 + here we come!