{"id":17484,"date":"2022-02-03T05:30:52","date_gmt":"2022-02-03T13:30:52","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=17484"},"modified":"2022-02-03T05:30:52","modified_gmt":"2022-02-03T13:30:52","slug":"focusing-on-soybeans-support-and-resistance-levels-2-04-2022","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/focusing-on-soybeans-support-and-resistance-levels-2-04-2022\/","title":{"rendered":"Focusing on Soybeans & Support and Resistance Levels 2.04.2022"},"content":{"rendered":"
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Focus on Soybeans:<\/h1>\n
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In 2019 the world produced about 12 billion bushels of soybeans<\/a>, or about 367 million tons.\u00a0Give or take, that\u2019s not far from the last five years\u2019 production.\u00a0Unlike decades past, when the United States lead the world in soybean<\/a> production, now about half of the world\u2019s soybeans are grown on farms in five countries in South America: Brazil, Argentina, Paraguay, Bolivia and Uruguay.\u00a0So, it should be no surprise that the price of U.S.-grown soybeans<\/a> is influenced by South American soybean prices.<\/a> This is acutely the case in recent weeks. While U.S. farmers are just readying farmland for this year\u2019s crop, the South American crop is well on its way and yield and quality estimates for this crop year are being tallied as the region moves towards harvest. Weather forecasts have recently turned drier to exacerbate a lack of rain early in the crop year and traders expect to see significant damage to the crop. This was not evident in the<\/div>\n
latest USDA world supply\/demand report\u00a0released Jan. 12.\u00a0Since then, soybeans for March delivery on the Chicago Board of Trade have advance \u00b110% from \u00b1$14.00\/bushel to \u00b1$15.50, prices not seen since last June.\u00a0Expect outsize price moves in the coming weeks.<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
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Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.\u00a0 You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.<\/p>\n

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Futures Trading Levels<\/strong><\/h3>\n

02-03-2022<\/p>\n

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This is not a solicitation of any order to buy or sell, but a current market view provided by\u00a0Cannon Trading Inc<\/a>. Any statement of facts\u00a0here in\u00a0contained are derived from sources believed to be\u00a0reliable,\u00a0but are not guaranteed as to\u00a0accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own\u00a0judgement\u00a0in trading.<\/p>\n","protected":false},"excerpt":{"rendered":"

Get Real Time updates and\u00a0more on our private FB group! https:\/\/business.facebook.com\/groups\/1105191589938254\/ Focus on Soybeans: In 2019 the world produced about 12 billion bushels of soybeans, or about 367 million tons.\u00a0Give or take, that\u2019s not far from the last five years\u2019 production.\u00a0Unlike decades past, when the United States lead the world in soybean production, now about […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[67,238],"tags":[],"class_list":["post-17484","post","type-post","status-publish","format-standard","hentry","category-future-trading-news","category-grain-futures"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/17484","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/comments?post=17484"}],"version-history":[{"count":1,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/17484\/revisions"}],"predecessor-version":[{"id":17485,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/17484\/revisions\/17485"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=17484"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=17484"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=17484"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}