Soybeans and Corn - traders perspective
Back on April 25 we alerted our readers and subscribers to go long with July Soybeans expecting support in the 1150s price area with this post https://www.barchart.com/story/news/25740010/soybeans-looking-attractive
Well, that move went to targets and has the likelihood of continuing higher still exists and we could see price over 1230 soon.
We include Corn in this post and this has been move relatively well. While July Corn has the potential to pullback some [exit longs if we pullback below 449], we are seeing 474 area as a potential profit target from the current move.
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On the date of publication, Murali Sarma did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
