Look at the size of that last candle on this daily chart for soybeans today. That maribozu candle says it all -- that grain commodities are in a new bull trend! Soybean prices have been higher 11 of the last 14 days. Weather will be the primary driver for grains from now until Sping '09. And to think that all the analysts' opinions that I read each day indicated that grains would open flat to lower today! At the same time, however, this bull trend is beginning to look a little too parabolic for my comfort. I wouldn't be surprised to see a retracement soon, before prices continue even higher. Friday, December 26, 2008
Grains Continue to Move Stoutly Higher
Look at the size of that last candle on this daily chart for soybeans today. That maribozu candle says it all -- that grain commodities are in a new bull trend! Soybean prices have been higher 11 of the last 14 days. Weather will be the primary driver for grains from now until Sping '09. And to think that all the analysts' opinions that I read each day indicated that grains would open flat to lower today! At the same time, however, this bull trend is beginning to look a little too parabolic for my comfort. I wouldn't be surprised to see a retracement soon, before prices continue even higher. 
