This chart shows the overnight action of soybean futures prices. What a thing of pure beauty! This is literally a picture-perfect pattern, and is the type of trade that trainers would use to teach trading to newbies. What an easy trade! The light blue line near the bottom is the lock limit down price. Soybean prices are close to reaching lock limit down for the 2nd day in a row! Corn displays a similar chart pattern, but has much further to fall before striking its lock limit down price.
The soybean bull is off to the slaughter! Look at this daily chart today:
