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I Am Bearish Soybean Meal

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Soybean Meal Futures---Soybean meal futures in the July contract is currently trading at 298.00 after settling last Friday in Chicago at 287.30 rallying sharply on concerns about delayed soybean planting as we are experiencing extremely wet and cold temperatures in the midwestern part of the United States.

I have been recommending a bearish position from around the 302 level and if you took that trade continue to place the stop loss at the 305.5 level as the risk/reward is in your favor in my opinion. If the wet weather continues that will mean more acres will go into soybeans which is bearish the entire complex so stay short as I still think there's room to run to the downside as this rally was based on massive short covering by the large funds.

At the current time large money manage funds are still short 32,000 contracts as they are also short heavily across the entire grain market as I will be looking at a possible counter trend trade in corn soon, but there could be a little more room to run.

Volatility in meal will remain extremely high for the rest of the summer months so make sure you place the stop loss on a hard basis only as I'm not willing to risk anything higher than the 305.5 level.




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

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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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