Soybeans and Corn are ready to goAMEX:SOYB and AMEX:CORN seem to be heading for big moves.
Not the most glamarous commodities but if one has leverage they can get a great risk to reward ratio.
Does anyone know how I can buy these commodities ?
Key stats
About Teucrium Soybean Fund ETV
Expense ratio
2.73%
Home page
Inception date
Sep 19, 2011
SOYB is the first ETF option for pure exposure to soybeans. The fund allocates exposure to three soybean futures contracts: holding 35% exposure to the second month to expire, 30% to the third month, and 35% to the November contracts. The fund avoids August and September contracts. This laddered strategy sets SOYB apart from its front-month benchmark, as it can work in its favor should soybeans fall into steep contango. Structured as a commodities pool, SOYB distributes K-1 forms and is marked-to-market yearly. Short-term traders can benefit from 60% of all gains being taxed as long term, regardless of holding period. But on the flip side, long-term holders may find the tax consequences troublesome since there's no beneficial tax rate for holding over one year.
Classification
What's in the fund
Exposure type
Futures
Cash
Corporate
Bonds, Cash & Other100.00%
Futures66.85%
Cash18.05%
Corporate15.10%
Mutual fund0.00%
Soybeans will take off with inflationI see a sharp ramp up in commodities after Powell's presser on Friday when the inflation metrics come out and he sends a Dovish message (not hawkish enough). The dollar will end up turning back up this summer so I see this upward trend momentarily until after the FED goes in with CBDC's and then com
SOYB- the soybean ETF moves on buying pressure LONGOn the 4H Chart, SOYB has moved above both tthe near and intermediate term POC lines
of the respective volume profiles. Upward price volatility above the running mean
on the relative volatility indicator. In confluence pric emoved above the mean basis
band of the double Bollinger band. Fundamen
$SOYB: Crops might get a popSoybeans looking particularly interesting, curious to see if NYSE:MOS and NYSE:CF are laying hints on an aggriculture bounce
Accumulating more of SOYBAs a consumer of TOFU (made from soybeans) for years, I am well aware of its health benefits and been an advocate of buying its ETF, futures for some years now.
What is exciting for 2021 is this chart here ! It has broke out of its long term bearish trend in Aug 2020. Well, while the price seems t
What is this Monstrosity!You know what is! Another Bullish Move
Reasoning
Whole Industry is moving!
Flat or XYZ Consolidation seems done
Correction is not overextended
Double bottom with second low undercutting the first
Several weeks of consolidation, seems like a huge move coming
Divergence on Composite W
SOYB , LONG Trying some commodities plays going forward.
SOYB is one I took in the early aftermarket .. looks worth a shot to me . It's the second wedge drop/ wedge pop setup after the lockout, first was march 22 (note the WD that occurred) .
Entry here in AM at - 10.37
Stop - 26.99
De risk 28.07
Chart Legend
SOYB 2012 chart pattern being repeated.2012 chart pattern being repeated for the SOYB fund. Estimated 4-month holding period before another correction takes place. Taking a long position on the head of a potential head and shoulders pattern. The regression is 0.04 less (0.958 vs 0.914) than 2012 so made an adjustment to the estimated hol
Soybeans ripped! Approaching monthly resistanceTook profits on my SOYB position for some nice gains considering a lot of downside in the equities market.
On a monthly time frame, SOYB is approaching resistance zone so I took profits and will be watching to see how price reacts here.
I'm expecting retracement / consolidation here before conti
Long SoybeansGoing long (commons) on SOYB
Agriculture looks bullish and I like the textbook breakout here. Also with equities wavering, SOYB DBA CORN agro charts appear more bullish to me IMO
Respect the stop loss and but give this trade idea time, she's not always the fastest mover
See all ideas
Displays a symbol's price movements over previous years to identify recurring trends.