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Chart analysis of CBOT soybean meal for calendar week 4 says prices are being held back by political tensions between the US and China. The chart is building up energy that could support a breakout.
Soymeal is trading on trade-policy headlines rather than fundamentals, so buyers should expect price swings tied to US-China talks rather than a clear trend.
zmp.deJan 24, 2019Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
