Soybeans' overall trend, revealed by trends of price, leverage, and time, are defined and discussed in The Matrix for subscribers.
The Internet will likely be talking up today's through play-by-play on price or fundamentals, but consolidation laid out in the Soybeans Report 10/09/21 has not changed. Waiving one's arms over a bullish or bearish energy build diminishes the importance of composite alignment in the Evolution of the Trade
Can corn, beans, and wheat rally within the context of short and long-term commodity cycles? My recently published Commodity Report 11/05/21, a 40+ minute video and download, discusses the importance understanding, defining, and timing the longer-term commodity cycles as defined by the CRB Commodity Spot and Raw Industrials Index within the Matrix. If, for example, short-term commodity cycles are extended above 2, can commodities, which includes soybeans rally? If the short term cycles are extended, AND weekly or daily cycles are also extended in markets inside the commodity universe, the smart play is not to chase.
I will also add that the bond markets (10- and Long Dated Treasuries) are pushing to jump the creek. What does it mean for risk-on/risk-off assets?
The Soybeans Report will be updated when necessary. For now it stands through its recent updates, which is largely unchanged from the 10/09 Report.
Follow me on Twitter or Facebook for further discussion.
Access market-driven money flow, trends, and intermarket analysis through an Access Key.