Friday’s Last Call: Soybean Charts

The major (long-term) trend of the intrinsic value of soybeans – the Barchart National Soybean Price Index – has been down since last June.The secondary (intermediate-term) uptrend of the NSPI and various futures contracts could be nearing its end.All while minor (short-term) trends look to be turning down as well.Late Thursday evening I was asked my opinion on another analysts technical analysis of a couple soybean charts. Those of you who have followed me through the years know I have no problem speaking my mind, even if it means telling another analyst they are wrong. This personality quirk…

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