Soybean futures chart current soybean futures chart trends

Current soybean futures chart trends highlight increased volatility, with daily ranges exceeding 20 cents. Commodity funds are actively hedging against weather-related risks. Chartists focus on maintaining support above $11.95. The Zacks Agriculture – Operations industry is within the broader Zacks Consumer Staples sector. The industry currently carries a Zacks Industry Rank #158, which places it in the bottom 36% of more than 250 Zacks industries. The group’s Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates dull near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. The industry’s positioning in the bottom 50% of the Zacks-ranked industries resulted from a negative aggregate earnings outlook for the constituent companies. Looking at the aggregate earnings estimate revisions, analysts are gradually losing confidence in this group’s earnings growth potential. Before we present a few stocks that you may want to consider for your portfolio, let us look at the industry’s recent stock-market performance and valuation picture. Conclusion: The results show that fluctuations in international market prices have a significant price discovery effect on the Chinese soybean market, which can help participants in the upstream and downstream of the supply chain reduce the risk of price fluctuations in the short term. However, the hedging function of the futures market still needs to be improved in the long term. The soybean futures chart now reflects January 2025 contracts trading at $12.