I've just started looking into trading soybeans. Anyone care to post recommendations on different resources, forums, pitfalls/advantages, etc. By the way, any thoughts/opinionson today's gap up?
The CBOT site has nice market commentary, you probably know this. I don't read it though since it poisons my trading mind. The next typical annual move is the rise of the Jan Soybeans from Nov 1 to Nov 17th or so. Best of luck
The website www.farms.com has the DTN commentary posted for free and a fair bit of local elevator prices too. It never hurts to help out a good boy from the Bruce (website owner Joe Dales) even if he is a swamper.
My buddy Mike Bakker writes a commentary for the Ontario Soybean growers. It free at http://www.soybean.on.ca/commentary_view.php?id=181
oh, by the way, according to the CBOT commentary, yesterday funds were buyers of over 15,000 contracts. Also, the USDA boosted China's import demand report to a record 27.5 million tonnes for 2005/06 season from 25.7 million tonnes versus last year's 16.93 million tonnes. 10/13/05 Cash 545-5 +24 Nov 588-2 - 0-6 81,289 127,592 Jan 601-4 + 0-4 25,884 86,056
Any thoughts on slippage and liquidity? Earlier I asked about that daily gap. I found this link about Soybean gaps. Of course it is not absolute, but someone might be interested in reading it. www.grainguide.com/futures-trading-2.htm