Oilseeds Report
22 March 2022
Weekly CBOT Soybean Continuous Close
I do not want to speak too soon, but this chart may be topping out in the ST. – spoke to soon it seems.
If we are busy correcting in a greater bull market then we could be headed down toward the $15.25 as a target.
Although we are in the throws of a raging bull market I will be patiently waiting to get long as sometimes these pullbacks go deeper than most anticipate.
240 Min CBOT May 22 Soybean Candle Chart
#No Change in Commentary
The 240 min chart is clearly busy making a correction.
This correction could trade as low as $15.40 in the coming weeks.
Board Crush Continuous Daily Close
There is nothing much to do here unless you are a professional “Top or Bottom picker” and according to my knowledge they are all dead.
Oil Share Continuous Daily Close
We are now happy to sit out and see how the market plays out overtime.
Weekly SAF Soy Continuous Close
#No Change in Commentary
There is no reason to sell this chart!
Now is the time to sit back and wait for the next opportunity.
Weekly SAF Suns Continuous Close
Technically there is nothing to do based on the charts current formation, other than wait patiently for a pullback to get long!
Weekly CBOT Soy Oil Continuous Close
I feel that the time has come to consolidate and wait for a pullback to get long again.
Weekly CBOT SBM Continuous Close
Nothing has changed on the weekly chart, but we are happy to stay out until further notice.
This chart, however, could continue to rally from here!