CJS Securities

Oilseeds Report

29 November 2021

Weekly CBOT Soybean Continuous Close

#No Change in commentary

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 January 22 Soybean Candle Chart

New chart time frame, same bullish view, the current levels and lower are a buy.

I really like what I see currently and a close over $12.95 will give us targets at $13.48 & $14.14!

Board Crush Continuous Daily Close

This chart has had a great pullback to it’s support and with the oscillator coming off oversold levels, I expect a re-testing of the highs.

Although we are bullish we will need support to hold and confirm before getting long. 


Oil Share Continuous Daily Close

After kicking off extremely oversold levels, this chart is now in limbo.  

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

Weekly SAF Soy Continuous Close

#No change in commentary

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

#No change in commentary

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, three weeks in a row now!

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!