Monday, March 10, 2008

The Soybean: What's Not to Love?

How can you look at these charts for soybeans today and not love this little legume? Look at how smoothly those charts transition from buying to selling and back again. It just doesn't get much better than this! After various days of beans moving lock limit down, the volatility that has emerged today for corn and soybeans has been a very welcome sight. This is one of the reasons why I enjoy trading soybeans so much. Smooth trading with super liquidity makes soybean trading enjoyable and somewhat easier than other futures. The soybean is also a versatile food, since it is high in protein, low in fat (no cholesterol), highly nutritious, and can even be made into a fuel source (soybean oil). Long live the soybean!