Which will be more bearish,CBOT soybean,meal or soyoil?

Discussion in 'Ag Futures' started by lx008, Mar 20, 2013.

  1. lx008

    lx008

    Just wonder how soy complex spread traders pick the long -short legs
     
  2. Dunno, but beans getting close to breaking huge support at 1385-1390. I saw a report indicating a decent crop year would have the "beans out of the teens".
    Catchy phrase, isn't it ?
     
  3. by looking at the spread... try it on your platform... 1:1 ratio... front/back and back/front... it will the same pretty much...
     
  4. Beans had a rally day despite bearish news from China.
    Gotta be some shortcovering after the recent sharp decline.....definitely oversold.
     
  5. lx008

    lx008

    Another factor to watch is that it's the first ENSO-neutral winter since 2003-04 , means there's neither El Nino or La Nina to affetc the weather system, for now.La Nina's usually bullish for corn and beans.