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Soybeans, Meal and Oil
Grain Market Technical Analysis
Soybeans look ready to break above 1482.
Soybeans NOV22 Contract perspective
Soymeal is above the 50- and 200-Day Moving averages after finding support at the blue VWAP from the October 2021 low.
Soymeal DEC22 is making new highs.
New highs are Bullish.
Soybean Oil looks ready to break above teh 200 DMA and a level of supply dating back to May 2021.
DEC Soybean Oil is finding support from the purple 200 DMA and the blue VWAP from the June high.
Both are Bullish.
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