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Soybean and corn update

Soybeans continue to decline and approach long term support.  If long term support is broken, major highs will be lower than the highs in the $10.80 area going forward. Sellers need to wait for a bounce to price additional quantities.  Buyers may want to extend additional coverage at the major support.  Corn is attempting to create a higher low than the last major support.  Once the higher low is confirmed sellers should have the opportunity to sell again in the $4.10 to $4.15 area.  Buyers should not add to current positions at this time.

10 Comments to Soybean and corn update:

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Anonymous on Wednesday, May 15, 2019 3:12 AM
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Soybean and corn update
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Soybean and corn update
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Soybean and corn update
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Soybean and corn update
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Soybean and corn update
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Okay, thanks for the info. How are you doing now? Everything is fine?
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