Lower-than-expected U.S. soybean inventories spark buying interest. Analysts recommend monitoring trend line support around $12.10 for re-entry points. There were across-the-board double-digit percentage gains in all four of the precious metals trading on the CME’s COMEX and NYMEX divisions. Heating oil refining spreads posted the only other double-digit percentage gains, while Rotterdam coal and cocoa futures moved over 10% lower in September. Han, L., Liang, R., and Tang, K. (2013). Cross-market soybean futures price discovery: does the Dalian commodity exchange affect the Chicago Board of Trade? Quant. Financ. 13, 613–626. doi: 10.1080/14697688.2013.775477 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.
