- New Science in old markets -

Soya beans compress, move up

There has been a rally in CBoT wheat and also in corn from the multi-year low levels that were reached earlier in the summer. There has been no sign of the soya bean market wanting to follow suit but today we report a daily-scale compression in the November contract that is apparently breaking up today. I say 'apparently' because all these grains have been locked in volatile ranges for some time and it is easy to imagine that the present small strength in soya beans will fail by the close. If it does not , buy some.