Oilseeds Report
30 May 2022
Weekly CBOT Soybean Continuous Close
To all those that took profit, congratulations!
Although this chart still has upside we are happy to stay out until further notice because I feel this will be the charts last leg higher!
240 Min CBOT July 22 Soybean Candle Chart
To all those that took profit, congratulations!
Although this chart still has upside we are happy to stay out until further notice because I feel this will be the charts last leg higher!
Board Crush Continuous Daily Close
I am not normally a bottom picker, but sometimes the opportunity is just too great to pass up.
This is one of those times and I will buy this chart at best and scale down to $0.85.
Oil Share Continuous Daily Close
We are now patiently waiting to buy this chart and even though it is oversold, I am not happy with the overall formation and hence we remain waiting.
Weekly SAF Soy Continuous Close
There remains no reason to sell this chart but a pullback appears to be well on the cards. – as we are currently experiencing.
We are waiting for buying opportunities R400 – R600 lower.
Weekly SAF Suns Continuous Close
Technically I am now waiting to sell a rally R300 – R600 higher!
R11 400 – R11 700 in the July 2022 contract.
Weekly CBOT Soy Oil Continuous Close
I would allow the market play out for a good few weeks.
Weekly CBOT SBM Continuous Close
This
chart is wild and I would stay out for at least another 2 weeks while allowing
the chart to play out.