Soybeans

May Contract :

  • Expected Price in Dec-Jan : $ 1050 to 1150.
  • Expected price range in November : $ 1150 to 1060.

Trading :

Short Term :

  • Long, safety margin satisfied Long Term.
  • Long, safety margin satisfied.

Prior to making a trade make certain the prevailing trend is in the direction of your trade.

May Soybeans Contract Current price chart formation:

Trend UP,   Support near $1125, $1100, Resistance uncertain.

May Soybean Contract :

The probability of contract high prices occurring in December is 0 percent.. The probability of contract low prices occurring in December is 0 percent.

The probability of contract high prices occurring in January is 0 percent. The probability of contract low prices occurring in January is 8 percent.

For the May Soybeans Contract months having highest probability of contract highs are May, June, July.  Months having highest probability of contract lows are April, June and July.

For the November Soybeans Contract months having highest probability of contract highs are June, July, November. Months having highest probability of contract lows are July, August, October and November.