# A Closer Look at the Soy Complex

> November soybean futures remain in a persistent downtrend dating to mid-June, with resistance near the 100-day average around $8.89 3/4. Soymeal shows a similar major downtrend since late May, though its rate of decline has slowed much more than soybeans. The analyst expects selling into rallies while the trend holds.

- Date: 2019-09-03 · published 2019-09-03T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/57165-a-closer-look-at-the-soy-complex
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

The technical view points to continued weakness in soybeans and soymeal unless prices break above key corrective highs. This is routine chart commentary with no new fundamental cause.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/blogs/technically-speaking/blog-post/2019/09/03/closer-look-soy-complex

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.