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A technical analysis chart piece says soybean prices are catching up with meal and oil in the crush spread, with the latest Friday close the highest of the year. The analyst notes resistance around the 50% retracement but calls the move a new secular bull market in soybeans.
A strengthening crush margin encourages processing and can lift soybean prices relative to meal and oil, though the analyst flags technical resistance that could cap gains.
scmp.comNicole ElliottDec 4, 2016Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not 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.
