Soybeans Review |
Soybeans' overall trend, revealed by trends of price, leverage, and time, are defined and discussed in The Matrix for subscribers.
Subscriber Comments
Soybeans have experienced a remarkable surge since reaching their lowest point on May 31st. The question remains whether they have made a comparable recovery in 2022, albeit within a shorter time frame. It is crucial to assess whether this movement should be classified as a counter rally within the primary downtrend, depending on the rapid decline of energy (DI) and participation (WA). Additional observations to consider:
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There's a theory circulating in Brazil that #soybean acreage may have been expanding faster than most previously thought - upward adjustments of last year's production - which means that this year's crop, although hurt, may be bigger than feared. #oatt
— Arlan Suderman (@ArlanFF101) February 20, 2024
Theories and/or conspiracies represent the majority's attempt to explain trends they do not understand.
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