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US Soybeans Futures - Nov 14 (ZSX4)

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939.38 +0.38    (+0.04%)
12:21:02 GMT - Real-time CFD Data. Currency in USD ( Disclaimer )
Type: Commodity
Group: Agriculture
Unit: 1 Bushel

  • Prev. Close: 939.00
  • Open: 936.00
  • Day's Range: 931.13 - 944.38
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US Soybeans 939.38 ++0.38 (++0.04%)
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US Soybeans Technical Analysis

Summary:SELL
Moving Averages:Strong SellBuy (0)Sell (12)
Technical Indicators:NeutralBuy (3)Sell (3)

Pivot PointsSep 23, 2014 12:21PM GMT

NameS3S2S1Pivot PointsR1R2R3
Classic934.55936.46938.05939.96941.55943.46945.05
Fibonacci936.46937.80938.62939.96941.30942.12943.46
Camarilla938.66938.98939.30939.96939.95940.27940.59
Woodie's934.38936.38937.88939.88941.38943.38944.88
DeMark's--937.25939.56940.75--

Technical IndicatorsSep 23, 2014 12:21PM GMT

Symbol Value Action
RSI(14) 40.295 Sell
STOCH(9,6) 54.679 Neutral
STOCHRSI(14) 79.094 Overbought
MACD(12,26) 26.860 Buy
ADX(14) 15.062 Neutral
Williams %R -37.735 Buy
CCI(14) -21.8734 Neutral
ATR(14) 3.5089 Less Volatility
Highs/Lows(14) 0.0000 Neutral
Ultimate Oscillator 44.338 Sell
ROC 0.080 Buy
Bull/Bear Power(13) -1.7199 Sell

Buy: 3

Sell: 3

Neutral: 5


Summary: Neutral

Moving AveragesSep 23, 2014 12:21PM GMT

Period Simple Exponential
MA5941.08
Sell
940.54
Sell
MA10941.51
Sell
940.61
Sell
MA20940.27
Sell
942.06
Sell
MA50950.13
Sell
950.29
Sell
MA100966.65
Sell
961.20
Sell
MA200978.43
Sell
976.90
Sell

Buy: 0

Sell: 12


Summary: Strong Sell

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US Soybeans
 
 
 
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Latest US Soybeans Comments

g0ku san
g0ku san Sep 23, 2014 09:17AM GMT
considering another short sooon baby
Enlighwisdom Wisdom
Enlighwisdom Wisdom Sep 23, 2014 09:36AM GMT
If 931 is temporary support, when would you start taking shorts position ?

John Smith
John Smith Sep 23, 2014 02:04AM GMT
the common thing being said around the Nebraska and Western Iowa by insurance adjusters is 25% less then last year on soybeans... Corn is good. The mild weather that help produce record yields in the southern united states... apparently has significantly hurt the soybean yields in the mid west!
John Smith
John Smith Sep 23, 2014 02:46AM GMT
**25% less yield
H Goldstein
H Goldstein Sep 23, 2014 03:34AM GMT
Common thing being said, you say? Said by who? The insurance adjusters? Are you an insurance adjuster? Can you direct me to a report that states that infomation? Or, are you making that up? Where can I find this information documented?

Enlighwisdom Wisdom
Enlighwisdom Wisdom Sep 22, 2014 11:09PM GMT
Last week I started taking short positions at 987 ( bear in mind, last week ), the market did not go down but instead carry on moving up to 999.75. I questioned why farmers did not take this opportunities to dump their beans at this good price since they all knew that it is going to be a big big harvest.......now some analysts claimed that farmers may not have enough storage to keep their beans after harvest so has to push their beans to the market and sell the beans off. Sounds weird to me...... clear the stocks at today's current price 933 ? Why didn't they do it last week ? And that is why I call it a really funny funny market .....
H Goldstein
H Goldstein Sep 22, 2014 11:38PM GMT
Simple. Because there were no buyers at 999.75 since all of the potential buyers are FULLY aware of the huge surplus and they knew that prices would come down. So, why would anyone buy at 999.75? Unless, of course, they are stupid. And there are no buyers here at 933 either because prices are soon to plummet much further. So, why not wait until they do and then buy? Unless, of course they, once again, are stupid. The fact is, there is so much supply that they can't GIVE the stuff away. This really isn't rocket science, Wisdom.
H Goldstein
H Goldstein Sep 22, 2014 11:43PM GMT
And by the way, the same is true with wheat and corn. Myself and other traders have been cleaning up big with short positions there also. And the price plummeting has just begun. We have a loooooooonnnnnnng ways to go before we hit bottom. So, short, short, short, and enjoy the ride. This is probably the greatest opportunity in the history of grains to reap huge profits in these markets.
Enlighwisdom Wisdom
Enlighwisdom Wisdom Sep 23, 2014 05:34AM GMT
Goldstein, when you said that there were not buyers , how could they pushed the market from 987 to 999.75 at the I started to short at 987 ? ? ?
H Goldstein
H Goldstein Sep 23, 2014 07:01AM GMT
I say that there were no buyers of soybeans from the farmers at 999.75. Soybean buyers knew that prices would drop to much lower levels. That is why farmers could not sell at those high levels. Don't confuse the volatility of the futures market with what farmers can actually sell their soybeans for. The markets move for all kinds of reasons including futures traders and hedge funds buying and selling contracts. But that is a different issue. Eventually the markets began to digest the surplus news and reality began bringing the futures prices down. But there is a lot more downside from here as more and more reality surplus news begins to surface. The fact is that the surpluses are much much greater than was thought originally and prices will need to plummet in order for farmers to be able to sell their harvests since supplies well exceed demand..
Enlighwisdom Wisdom
Enlighwisdom Wisdom Sep 23, 2014 11:28AM GMT
I short at 987 and who brought it ? If I could sell at 987 why not the farmers ?, I mean farmers could sell at any price they want , they could have dumped 50% of their future beans which are going to harvest in future at price above 980 , why wait until now and carry on selling ? or are you saying that this future market is not meant for farmers to trade ?
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