ZSF21

The Beans are trading above our long term swing point of 1045.00, as long as they remain above it the long term target is 1169.00 this is 38.2% back up to the all-time high, also in this area is the 1160.00 major Gann square. As we have been saying for a while, we believe this is going to be a multi year rally (same for Corn and Wheat) and how they react to 1169.00 will tell us if the rally will be over for the time being, or much higher prices are coming. With a couple close's back below 1045.00 the target becomes 966.00, this is 38.2% back to the 2019 low and a major Gann square.

Soybeans