Time To Bull Spread Soybeans!

 

 

  

 

Below is a Special Email Alert I sent to those that subscribe to my twice a day newsletter Commodity Insite and to my brokerage clients. Those that recently purchased by book, Haunted By Markets, Volume I also recieved the Alert. And the trading suggestion below is the first I have made regarding any grain since December 15. I hope you find something of interest. And do note the time it was sent.

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          SPECIAL EMAIL ALERT!

 

 As a new trading suggestion: buy (1) July soybean and sell (1) November soybean at the market. The spread is now trading around $1.74 with July down 22 cents and November down around 16 cents. No stop if filled.

Soybean oil prices are higher with the bull spreads gaining ground. The rise with soy oil should, could and may push old crop soybeans higher as well. And a higher close for old crop beans is an upside key reversal. My fingers are crossed.

Some of my more sensitive work is suggesting the soy complex hit a major low this morning. But that will only prove correct is old crop beans can close higher. Avoid the short side of the grains. Avoid the short side!

The time now is 8:51 a.m. Chicago

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With only a few minutes left in grain trading the spread between July and November soybeans has expanded to $1.79, a bit wider than what I suggested. And my fingers are crossed!

The bull soybean oil spreads have jumped out to new wide ground for the year. The bull spreads in corn are working for a tad and the flat price of soybeans will flash a buy signal if futures trade unchanged or higher. The day began as down and dirty bearish but things are changing and rapidly so it seems to me.

Please check out my brand new website, Commodityinsite.com. And never forget there is no substitute for timely and accurate information. Drop me a line at commodityinsite1@gmail.com. Or, call me at 406 682 5010.

The time now is 1:01 p.m. Chicago

 

 

 

 

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