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Chartanalysis of CBoT soybean meal for calendar week 51 describes ambiguous conditions in Chicago. The 305 mark has held for some months, but defensive lines were recently undercut there.
Technical levels near 305 define near-term support for meal futures, which feed buyers' ration costs. The article gives no new fundamental cause for a directional move.
zmp.deDec 20, 2018Not 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.
