Soybean meal stayed in this range for very long time. Also except meal almost all ag futures rallied around 10% . Also the trend shows a jump from a double bottom... Anyway I expect a price range between 315 - 343 within 1 month....
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I stili golf my position dince 300 and I still expect a rally up ...
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Even though there is a record export sales ( 175% more than last year ( price was cruising 320 ...,)) price is still falling , I assume this is because of corona virus which will soon be solved , fundamentally this should be somewhere 340s right now but we will see. I keep my position...