Soybeans Due for Level 1 Cycle Low

 
Soybeans Due for Level 1 Cycle Low

Pro Farmer Senior Market Analyst Rich Posson says soybean futures are due for a Level 1 business cycle low starting next week into early next month. "If realized, buyer interest should rise through February and prices should recover into a Level 1 top due in March," he says.

In the March soybean futures chart below, Posson uses technical indicators such as stochastic, moving averages, trendlines as well as his business-cycle analysis:

soybeans_jan20

Once a week, Pro Farmer VIP Members have access to Pro Farmer's Tech Talk, compiled by Posson, who is a certified market technician. Click here to learn more about the service and click here to become a Pro Farmer Member.

 

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