Oilseeds Report
28 March 2022
Weekly CBOT Soybean Continuous Close
This chart needs a decent correction before it can rally much more.
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 as I am confused as to what I see.
Oil Share Continuous Daily Close
We are now happy to sit and wait to buy in the coming weeks.
Weekly SAF Soy Continuous Close
There is no reason to sell this chart!
Now is the time to sit back and wait for the next buying opportunity.
Weekly SAF Suns Continuous Close
Technically this chart is as ugly as sin and we will happily sit out for another few weeks.
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!