# Chart Book | Chart of the day: The soy complex | South China Morning Post

> 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.

- Date: 2016-12-04 · published 2016-12-04T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/73582-chart-book-chart-of-the-day-the-soy-complex-south-china-morning-post
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

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.

## Read by commodity

- SBM: neutral
- SBO: neutral
- SOY: bullish ▲

## Sources

- scmp.com: https://www.scmp.com/business/commodities/article/2051605/chart-day-soy-complex

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