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US Soybeans Futures - May 24 (ZSK4)

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1,192.00
-0.12(-0.01%)
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US Soybeans Futures Discussions

Well our post is Mar 23 for May beans to pressure stops under 11.78 was accurate to the point we traded 11.77 It would appear that more stops remain. Market should trade both sides early next week and should ultimately look to grab liquidity under 11.78
* of March 23
Acres slightly lower than trade estimate
Ending stocks slightly above trade, well above last year
looks like theres still a lot in farmers bins. i can say i still have lots in my bins too.
Looking that way, biodiesel mandate taking acres away from corn and going into beans looks like
Big and strong support zone area 1194-1181 that can ignite a rebound over 1210, if broken a big fall is possible (1950-1940). Just my 2 cents multiday view
1150-1140, my fault
Technical trade should keep this under pressure. Look for May beans to pressure stops under 1178 this week.
I think we are headed the other way, 1200 and 1218 or so
The only time Managed Money has been this short was around May, 2019. Soybeans rallied almost 20%. The shorts have about three trading days to buy ~150,000 contracts prior to the USDA report and a 3-day weekend. If they don’t, I guess they have inside info or they’re hoping to avoid a short squeeze right before the close of the quarter. Maybe I should buy prior to the report, but I’m not an experienced grain trader like many on this board.
A dime rally from 12 bucks wouldn't surprise me in the least, the trade is short and that combined with the precieved overhang is a perfect storm working against the shorts. Didn't want to risk more then 25 cents so I could trade around the report as opposed to trading into it.
can we see 1150 soon ??
One man's soon is another's eternity.
Planting intentions report on the 28th. Personally i think less than 87mil acres and bullish beans. Whats everyones bet? Also seems like funds are exiting prior to the report to get back in right after….
how dry is it in south dakota? word on the street is that when planting conditions are favorable (dry), more corn is planted than estimated.
oh its dry enough in most everywhere i go
Don’t think we will see the front month decline too much with it being more expensive to hold large short positions.
SLD ZSK4 @12.25
YES
1200.25
thanks...I thought so
Due to rain what is the soyabean crop condition in Argentina & Brazil
Thanks jp
Currently severe to extreme drought over Iowa, top corn bean producing state, extreme drought over most Minnesota, Missouri, Western cornbelt. Not traded now, but unless big spring rains, the trade will wake up and be very large.
Longer term consideration. Check out the drought monitor. Big drought over Iowa Missouri Minnesota Wisconsin North Dakota, and srarting to extend into Illinois. Time to watch spring rains. Not a problem yet but in a couple months, mid late May, could become very large. Warm El Nino winters historically in Midwest have evolved into hot drought spring/summer growing seasons in the Midwest.
only issue is that with the low rain/snow fall, and warmer winter temps, planting in the cornbelt will be completed fairly quickly. and because of that, prices may drop during mid april to mid may.
Sell May beans between here (1188 very aggressive) and 1199 (great fill) with buy stop over 1205???
May beans have now tested 1200 twice and not benn able to CLOSE above. 1188 currently night session. Time to sell with buy stop above 1200 or recent highs. If CLOSE above 1200 take loss and re-evaluate
Holding a couple April 1200 puts, expire Fri, paid 13, closed 17 3/8. Looking for selling next day or two to take profit. Large open interest 1190, 1180 puts. If soybean selling continues, maybe after Fri option expiration. They may want to expire larger open interest puts worthless come Friday expiration.
caming soon 1260 usd
Here comes the profit taking
I was skeptical, you were right, sir.
See if it can hold 12
wheres the next resistance level?
Wow, what a US session start. Big candle with big volume
Eny news for soya?
Resistance combined with farmers selling. This could be it. Selling covered calls and buying puts. Back to 1150 we go
what percentage of the board are farmers? id say negligible.
Selling on correction now off 12.00 print? Sitting at 11.99. Next couple day action important. Can they close this above 12.00 or downward correction now on a regection at twelve??
Do it. Do it!!! Push past that $12 mark.
Going to close in the green along with corn and wheat
Its getting ready to rally a little bit more
why down
Friends, buy as much as you can... buy 120% more
...
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