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US Soybeans Futures - May 24 (ZSK4)

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1,141.25
+7.75(+0.68%)
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US Soybeans Futures Discussions

Next Monday crop condition report, 3pm central after close on usda.gov central time, will show decline on soybean crop ratings, reaction rally on Nov contract Mon Night/Tues day session.
Big selloff on the July govt crop report for big increase yield carryover. Lasted for a day reaction and market bought off the report. The bean market has not sold on the rhetoric but bought the short term reaction. The free market will show you the truth.....
The USDA has penciled in record yields for beans at 52 bu/acr with 300 million bushels carryover. Ridiculous. Reduction of 2 million bus/acre cuts 180 million buschell and puts our carryover at rationing prices. The USDA estimate for record crop soybeans is a joke!!! Get long soon......
Dry weather from now thru Aug, next 5 weeks, means huge rally for Nov beans, big rain shift from the dry forcast means huge selloff, the next 5 weeks can be huge either way. I believe longer term, Sept and Oct reports will show reduction in bean yields and lower carryover from the current USDA estimates. All breakes in the Nov Soybean market should be bought for a rally into Sept Oct on reduced yields. All depending on Aug weather of course.
Corn crop pollination made in July, need rain for yields, Soybeans pods are made in Aug and Aug weather very important for beans.
Soybeans July and Aug all depend on weather forecasts. My 20 cent stop loss can be blow out in a minute on a big weather shift. Real gambling on the future forcasts..... Huge volatility summer month growing season....
Risking around $3000 stop loss on 3 contracts, about 20 cents each, with large profit potential.
Breakout area 1416 to 1417, then around 1422. Close above bullish.
Wow, head and shoulder 5 min to15 min chart. Either fail around 1419 or go thru upside for the next bull run?????
Sorry sell stop 1388
Chris, weather looks great, dont think so brother. Next significant rain over corn belt forcast around mid Aug. Bought 1 more nov bean 1409, own 3 contracts, sell stop on 3, 1488.
INDIAN MILLERS SOYAOIL SOYAMAL PRICE HIKE BY 2% AND 3% DUE 30 % CROP OVER RAIN
Crop conditions 2% lower then trade guess. With the low acres we have we can afford to lose 1 bushel. 52 is way too high. Now you add heat to dryness. Not a place to be bearish
Shorted nov soybean. Weather looks great per pro farmer. Buyers exhausted.
Going to15+
Long Nov beans, sell stop below 1380. Risk 27 cents, $1350 risk per contract with big profit potential.
Just my opinion. Buy now on the pullback with a reasonable sell stop.
Now filling the gap. Bean market needs to hold 14.00 on a closing basis to maintain bullish schenario.
They also trade the 6-10 and 8-14 day extended forecasts. Huge volatile in summer months depending on forecasts. USDA has penciled in near record yields for corn and beans on July monthly crop report. Are you kidding? 300 million bushel carryover beans, bearish, traded for 1 day and back to trading weather. Soybean yield trimmed from 52 bu/ acr to just 50 bu/ac would cut about 180 million buschel from the 300 carryout. This setup could be like 1983 when the bean market rallied Aug thru Oct on lower bean yields.
They trade weekly crop report Monday overnights and Tuesday day sessions with much larger volume.
Nov soybean gap higher, bullish bull flag on 15 min chart, USDA crop rating Monday after close 3pm central and especially Mon 7/31 most likely will show crop decline.
From the radar over the weekend, very little coverage over the corn belt. It rained in Elgin. Des Moines half inch early week. Not enough during pollination. Western Corn belt mid 90s with small rain totals next 2 weeks and out.
US soybeans got any rain over weekend?
today Indian Soya oil/DOC manufacturer buying, 4% higher rate SOYABEAN.
Trade is being cautious before weekend, profit taking. Next week could be large
It can be shown 1500 next week. share your opinion
Nov Soybeans will explode to the upside next week if the extended forecast holds. The marginal rain forecast over the weekend of less than half inch over key areas is not nearly enough.
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