Soybean complex

Soybean Oil

January

The huge break from 78.6% (74.45) has already hit the long term target of 67.85. The break so far has played out just like the example we mentioned yesterday in Feb. Lean Hogs. The 78.6% retracement doesn't always turn the market, but when it does, it can have a big impact.

Today's close will be key for the next move.