CJS Securities

Oilseeds Report

06 September 2021

Weekly CBOT Soybean Continuous Close

I wish there was something to add to the below, but now we all eagerly await the USDA on Friday.

 This correction remains far from over and could take a good few weeks, if not months, to complete.

 Use all the rallies to take profit but keep a core long as the major trend/cycle is up.

Please don’t chase this market as technically there are BULL traps being set everywhere!

 If you are lucky enough to see a move sub $12.40 (November 21), own it for the LT.

240 Min CBOT November 21 Soybean Candle Chart

The market is broken and it’s either looking to print $12.40 or $11.80.

 Should we see a trade sub $12.00, nothing will have changed other than some players will have REAL panic and should this transpire, own it all! 

Board Crush Continuous Daily Close

The below was a great trade and I would put in a stop profit at $0.98!

 This chart is a buy and a scale down buy with a stop under  $0.88..

 I feel that the ST correction is over and that this chart could easily rally to $1.20.    

Oil Share Continuous Daily Close

This chart is still bullish and I would at best!

Weekly SAF Soy Continuous Close

#No Change in commentary.

 I have not been sold on this chart breaking much higher and as it stands I am still not that bullish.

 The level we all need to watch closely is R7600 as a move under this could see the chart drop with R300 – R500.

Weekly SAF Suns Continuous Close

#No Change in commentary.

 The chart has nice weekly double tops and we should see a decent pullback from current levels.

However this pullback will be a buying opportunity as the bull market is far from over.

 I would to buy scale down from R9550. 

Weekly CBOT Soy Oil Continuous Close

#No Change in commentary.

 Head on a chopping bloke, the correction looks over!

 If I am correct and the correction is done (if feel good about this one) the upside targets will be 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 budget making stuff with sprinkling of retirement!!!!  

Weekly CBOT SBM Continuous Close

#No Change in commentary.

 My “fugly” dog that I love so much is taking forever and a day, but I still feel that all dips are buying opportunities.

 I remain in love with this chart even though right now it’s in conflict with my SBO view.