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Are Soybean Prices Going Higher ?

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Soybean Futures---Soybean futures in the January contract are trading higher for the 4th consecutive session up 3 cents at 10.01 a bushel right near a 3 week high as I'm currently not involved in this market while looking at a bullish position as I think the commodity markets in general have bottomed out and look to move higher.

Soybean prices are trading above their 20 and 100 day moving average telling you that the short-term trend is higher as the true breakout to the upside stands at 10.13 which was hit on October 13th as 90% of the harvest in the Midwestern part of the United States is finished as the harvest pressure should finally start to ease.

Traders are awaiting the USDA crop report which will be released this afternoon showing productions number around 4.4 billion bushels produced in 2017 as soybean prices have had a slow grinding bullish trend over the last several months as the volatility certainly should pick up as we head into the new year as the focus will be on the

South American crop which looks to produce another record which is amazing in my opinion as that streak has been going on year after year, however weather conditions can play a large role as La Nina which is a weather phenomenon can cause drought in the country of Brazil as this is a long growing season so look to play this to the upside in my opinion.




If you are looking to contact Michael Seery (CTACOMMODITY TRADING ADVISOR) at 1-312-224-8140 I will be more than happy to help you with your trading or visit

Skype Address: mseery TWITTER---@seeryfutures



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About the author

Michael is the sole owner of SEERYFUTURES.COM which is a commodity futures and options consulting, advisory, and educational firm.

Michael frequently appears on multiple business networks including Bloomberg News, Fox Business, CNBC Worldwide, CNN Business, and Bloomberg TV. He also writes market commentary for several commodity websites and is interviewed for commodity comments by the Wall Street Journal. He is also a guest on First Business, which is a national and internationally syndicated business show.
Michael started his career in 1990 at the Chicago Board of Trade as a runner. He soon worked his way up to becoming a Series 3 broker. He works with seasoned traders as well as novice beginners educating them on trading the futures markets as well as using simple and complex option strategies. Michael covers all markets including grains, metals, energies, and all other futures markets that are traded.
To Michael the biggest lesson any trader needs to learn is risk management. Michael believes this is the most important factor in trading. He also works with traders to help them determine the proper risk for their trading style. Michael has spent a lot of time educating his clients to help them understand trading strategies and trading techniques while enjoying spending quality time with customers going over the markets or just talking general trading philosophies.

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