Soybean Prices Remain Bearish

Soybean Prices Remain Bearish
Soybean Prices Remain Bearish


You can see the soybeans growing in these pods as the morning sun illuminates this soybean field on a late August day near Goldfield, Iowa.

Soybean Futures–Soybean futures in the July contract are currently trading lower by 5 cents at 8.23 a bushel continuing its bearish momentum as I have been recommending a short position from around the 8.35 level & if you took the trade continue to place the stop loss at 8.48 on a hard basis only as an exit strategy.

The volatility in soybeans is very high as that situation will not end anytime soon and will become even more violent as I think the risk/reward are in your favor to stay short as I still believe prices will retest the May 13th multi-year low of 7.91 in the coming days ahead.

At the present time I’m also recommending a bearish position in soybean meal as the grain market is mixed at the current time as the soy complex remains weak, however corn & wheat are strong due to the wet weather conditions.

Soybean prices are still trading under their 20 and 100 day moving average as the trend clearly is to the downside as the trade war with China looks to be escalating as crude oil prices are down $4 in today’s action coupled with the fact that the stock market is also melting down.

If you are short a futures contract stay short in my opinion and possibly even look at adding more contracts to the downside as the fundamental and technical picture for this commodity remains bearish.





If you are looking to contact Michael Seery (CTA—COMMODITY TRADING ADVISOR) at 1-630-408-3325 I will be more than happy to help you with your trading or visit


Skype Address: 5da1f85979b7117b




If you’re looking to open a Trading Account click on this link


There is a substantial risk of loss in futures and futures options. Furthermore, Seery Futures is not responsible for the accuracy of the information contained on linked sites. Trading futures and options is Not appropriate for every investor.