# CBOT weekly outlook: Technicals trump recent support in soy - Manitoba Co-operator

> Analyst Scott Capinegro of HighGround Trading says soybean futures look technically bearish after shedding two cents in the week to Wednesday, while corn remains in a trading range. Soy oil had been supported by EPA's increased biodiesel mandate, and dry conditions in Argentina added support. Favorable Brazilian planting could pressure U.S. prices.

- Date: 2016-11-30 · published 2016-11-30T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/73898-cbot-weekly-outlook-technicals-trump-recent-support-in-soy-manitoba-co-operator
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Expected favorable Brazilian weather and possible trade friction with China under the incoming Trump administration create downside risk for soybean prices. Soy meal and oil remain supported by biofuel demand.

## Read by commodity

- SBO: bullish ▲
- SOY: bearish ▼
- CORN: neutral

## Sources

- manitobacooperator.ca: https://www.manitobacooperator.ca/daily/cbot-weekly-outlook-technicals-trump-recent-support-in-soy/

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