Tag Archives | Trade idea

Soybean oil futures chart for January 9, 2013

Picking a Bottom in Ags – Soybean oil

The story for months has been slack demand for Agriculture and increasing global production. Hence wheat currently trading under three year lows and corn trading under 2 year lows. Soybean oil has not escaped the black cloud that has been hanging over this sector either as seen on chart below clearly there has been a […]

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Cotton - Markets Do Not Move in a Straight Line

Cotton – Markets Do Not Move in a Straight Line

For the last ten consecutive sessions cotton prices have been in the red shedding 7% within that time frame. Futures are within spitting distance of posting fresh 13′ lows closing under 80 cents/lb the last two days. A 100% Fibonacci retracement puts futures in March near 75 cents though I believe the red horizontal line […]

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