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Soybean Prices Remain Bearish

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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 (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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