Quick reversals in momentum suggest diesel and gasoline prices may be poised to trade higher.
Quick reversals in momentum suggest diesel and gasoline prices may be poised to trade higher.
Soybeans and soybean oil have been on a parabolic tear to the upside of late. Granted, there are some weather and fundamental issues, which are valid and have driven these gains. However, short term, both markets have become very overbought, and likely due for a...
For the seven months until the end of May, July soybean oil had been on a downward trajectory. Since May 31, July bean oil has rallied back 10 cents per pound, rising well above the 50-day average.
A technical look at December corn and November soybeans as conditions in the Midwest turn drier.
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