Todd's Take

The Importance of October's Rally

Todd Hultman
By  Todd Hultman , DTN Lead Analyst
Connect with Todd:
@ToddHultman1
The monthly chart of January soybeans above shows a bullish crossover in the stochastics indicator after prices reversed higher in October. The bullish change of price momentum at a fundamentally cheap price is a combination that is historically associated with long-term lows. (DTN chart)
The monthly chart of January soybeans above shows a bullish crossover in the stochastics indicator after prices reversed higher in October. The bullish change of price momentum at a fundamentally cheap price is a combination that is historically associated with long-term lows. (DTN chart)
October's about-face in soybean prices should not be dismissed lightly.

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Todd Hultman

Todd Hultman
About the Author
Connect with Todd:
@ToddHultman1