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US Soybeans Futures - May 24 (ZSK4)

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US Soybeans Futures Discussions

Back in short at 1400.50. with you Chance, 1290's. 3 of them.
Nice little rally. I expect soybeans will now start to fall towards 1290. Sold my longs and went short 3 contracts at 1401. SL at 1450 and take profit at 1290
Crush margins are looking pretty good even here, and the funds added over 7k contracts to the long side Friday (big up day as well). I'd be careful with a short
IF the rally occurs during harvest, highs will be made mid Oct thru Halloween. Then range trade until mid Jan big stocks report.
During the next 6 weeks soybeans could become gigantic over the exposed lower yields than anticipated in the fields.
Soybeans "allways" sell off during harvest. 2023 "could" rally like 2003 and buck the usual trend. The next 6 weeks until mid Oct could be very interesting.
Also Pro Farmer crop tour released final estimate Fri after field surveys at 49.7 bu/acre. USDA 52 bu July report, 50.9 Aug report, Sept report?? Reduction of 1.2 bu/acre at 88 million acres is about 100 million buschel. Carryover 2024 drops sharply. Similar weather pattern year 2003, great bean weather until hot/dry Aug. Bean yields are made on rainfall in Aug. Check 2003 chart. Beans bottomed early Aug and rallied during harvest thru Oct on reduced yields uncovered during harvest.
Soybean crop short due to hot dry weather in Aug. Trade should continue to buy Sun night/Mon day session looking for lower good/excellent weekly crop condition report Mon 3pm central.
Get ready for some big moves in the next couple of weeks
which way?
up, in direction 1460buggs
Next big up Buy only buy......1370,1380,1400,1420,1440,1460+++++
what about corn and wheat?
Drought Weather is not real
All one has to do is look at the actial weather. People lie. All day everyday
strong sell
Agree
Bob,Maybe another down towards 1260?
Next big up Buy only buy.....1340,1380,1420,1450,1500,1600++++
Aybody know why Soybens going up ?
1340 will arrive soon
Bob, prescient calls as outlined. Thx!
I keep holding S
so am i. Ive added more on the way down. Im following target outlined of 1260 first.
It will not fall soon. Let's wait till the bear knocks out the bull. The MMs has not fufilled their stomach yet. I guess lol. Gl bro
any thoughts for the current market and today's sell down?
There is huge gap between August & other months contract. Anytime soon it'll be pump...
She may offer a little bounce at 1315 area.  if that doesn't hold, then down she goes.
 yes Nov contract.  sorry.
No, thank you. I hope you have a major haul in the crab traps. Beautiful weather for it.
Amazingly good analysis.
Next big up..... BUY Only BUY++++
Will open gapup
in my assessment, she will reach 1260 first, then 12.11.  I can be wrong.  but it is see the spike season.  GLTA.  I can be wrong.
i don't undersatnd oil, but i don't think you're asking me. good luck. commosities are generally going lower as it sits now.
Tks bro for sharing wth me. I still holding S for zsx and zlz. But zlz really tortutes my mind lol.This girl is so nasty. I try to beat her. In fact, she keeps beatjng me up
they all do lol! stay on your plan. tries to buck you off all of the time
Where are you, Bob?
howdy Chris.  been fishing and crabbing.  What have we here?  it looks like volatility is coming down as mentioned.  She is coming down and it looks like it is sell the spike season.  It looks like you are in the green if you managed to keep your emotion in checked.  she will seek 1355 before heading south again in my assessment.  but as always protect your profits.  GL  :)
i am sorry but i am not on the board everyday.
Its been a good run. Glad youre catching crabs and fish!
Beans habe to break 14.30. Until then we bounce back and forth. I think it well. I dont think yields can go above 50. Downside on yields still risk
Sell only sell ⛔⛔⛔
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