# Todd's Take

> DTN analyst Todd Hultman notes a bullish outside weekly reversal in November soybeans, the 37th since 2000. He says fundamentals remain bearish given Brazil's record crop, record US planting estimates and a five-month low in palm oil futures.

- Date: 2017-04-18 · published 2017-04-18T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/71533-todd-s-take
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

A technical bounce does not offset the bearish fundamentals of record South American supply and large US acreage, so soybean prices are likely to stay under pressure, with soybean oil weakened by falling palm oil.

## Read by commodity

- SBO: bearish ▼
- SOY: bearish ▼
- PALMOIL: bearish ▼

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/article/2017/04/18/soybeans-hint-support?referrer=twitter

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