Price, volume and open interest analysis for March 30, 2015

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Soybeans:

May soybeans gained 0.50 cents on volume of 162,443 contract. Total open interest increased by 3,250 contracts, which relative to volume is approximately 20% below average. The May contract lost 3,186 of open interest. As this report is being compiled after the release of the USDA report May soybeans are trading 1.00 cent higher and have made a daily high 9.81 and a new low for the move of 9.51 1/4. Although we have not examined the results of the USDA report, the strength was supposed to be in corn, not soybeans. May soybeans remain on the short and intermediate term sell signal. Stand aside.

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Weekend Wrap for March 29, 2015

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The time frame for the current Commitments of Traders report is from Wednesday, March 18 through Tuesday, March 24.

On March 31, the USDA will release the grain stocks and planting intentions report at 12 noon EDT.

Both May silver and June gold are showing head and shoulder patterns on the weekly chart. This spells trouble for further upside.

Soybeans:

For the week, May soybeans lost 6.50 cents, July -5.75, new crop November -7.50. The COT report revealed that managed money added 2,029 contracts to their long positions and also added 959 to their short positions. Commercial interests liquidated 1,758 of their long positions and added 14,296 to their short positions. As of the latest report, managed money is short soybeans by a ratio of 1.16:1, which is down slightly from the previous week of 1.18:1, but a complete reversal from two weeks ago when managed money was long soybeans by a ratio of 1.04:1.

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Price, volume and open interest analysis for March 25, 2015

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Soybeans:

May soybeans lost 3.00 cents on volume of 198,644 contracts. Total open interest increased by a massive 10,014 contracts, which relative to volume is approximately 100% above average meaning that a battle ensued between buyers and sellers and sellers were able to edge the market lower. As this report is being compiled on March 26, May soybeans are trading 5.00 cents lower and have made a daily low of 9.72, which is the lowest print since 9.60 made on March 20. May soybeans remain on a short and intermediate term sell signal. We recommend a stand aside posture until the release of the March 31 USDA report.

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Price, volume and open interest analysis for March 23, 2015

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The USDA will release its grain stocks and planting intentions report on March 31.

Soybeans:

May soybeans gained 9.75 cents on volume of 161,339 contracts. Total open interest increased by 5,178 contracts, which relative to volume is approximately 35% above average meaning that aggressive new buyers were entering the market and driving prices to a new high for the move (9.90), which is the highest print since 9.94 made on March 13. There were open interest increases in the May 2015 through November 2015 contracts.

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Weekend Wrap for March 22, 2015

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The time frame for the current Commitments of Traders report is from Wednesday, March 11 through Tuesday, March 17.

Soybeans:

For the week, May soybeans gained 0.25 cents, July unchanged, November 2015 +3.00. The COT report revealed that managed money liquidated 4,281 contracts of their long positions and added 13,465 to their short positions. Commercial interests added 20,513 to their long positions and also added 17,067 to their short positions. As of the latest report, managed money is now short soybeans by a ratio of 1.18:1, which is a complete reversal from the previous week when they were long by 1.04:1. Two weeks ago, managed money was long by a ratio of 1.28:1.

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