Soybean Futures $ZS trade
Soybean futures seem to have extended selling form its most recent peak that has signs of a 20 day cycle failure, which shows weakness. I also dont like that its been sideways since the war started. Could it be just consolidating for higher moves later on this year?
Soybeans have started to be trough dominant, a trait not normally seen in commodities. That means that the trough analysis is useful.