{"id":130428,"date":"2018-07-20T09:55:05","date_gmt":"2018-07-20T13:55:05","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=130428"},"modified":"2018-07-20T06:15:07","modified_gmt":"2018-07-20T10:15:07","slug":"soybeans-analysis-cheaper-soybean-has-become-more-attractive-to-buyers","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/07\/soybeans-analysis-cheaper-soybean-has-become-more-attractive-to-buyers\/","title":{"rendered":"SOYBEANS Analysis: Cheaper soybean has become more attractive to buyers"},"content":{"rendered":"<div id=\"inves-3721804363\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">July 20, 2018<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p>By <a href=\"http:\/\/www.ifcmarkets.com\/\" target=\"_blank\" rel=\"noopener\">IFCMarkets<\/a><\/p>\n<p><strong>Cheaper soybean has become more attractive to buyers<\/strong><\/p>\n<blockquote><p>US soybean prices have significantly fallen after the introduction of a 25% import tariff by the Chinese authorities within the framework of the trade war with the US. According to some market participants, it may again become attractive to consumers. Will <a href=\"https:\/\/www.ifcmarkets.com\/en\/trading-conditions\/commodities\/soyb\">soybean prices<\/a> rise?<\/p><\/blockquote>\n<p>Buyers from China purchased 17% of the autumn US soybean harvest. Thus, despite the increase in duties, their share did not fall to zero. On average, over the past 10 years, it was 60% for the fall harvest in the US and more than 34% for the aggregate. According to the U.S. Agriculture Department, purchases by countries such as Pakistan, Mexico, Indonesia and Thailand have increased. In particular, Pakistan has recently purchased 200 thousand soybean of the 2018\/19 harvest. In general, in June 2018, foreign consumers increased purchases of beans in the US by 27% or 8 million tons compared to June 2017. After the increase in duties, China switched to Brazilian soybean. Meanwhile, Brazil can acquire up to 1 million tons of soybean in the United States for its domestic market and the production of soybean oil and animal feed for farm animals and poultry.<\/p>\n<p style=\"text-align: center; margin-bottom: 20px; margin-top: 20px;\"><img decoding=\"async\" style=\"float: none;\" src=\"https:\/\/ifccd.net\/uploads\/image\/19-07-2018.png\" alt=\"SOYB\" width=\"660px\" \/><\/p>\n<p class=\"emailSummary\">On the daily timeframe, <b>SOYB: D1<\/b> updated the low since December 2008 and is trying to correct up. A number of technical analysis indicators formed buy signals. The further price increase is possible in case of the deterioration of weather conditions and reduction of the world harvest in the current season.<\/p>\n<ul class=\"emailSummary\">\n<li>The <b>Parabolic indicator<\/b> gives a bullish signal.<\/li>\n<li>The <a href=\"https:\/\/www.ifcmarkets.com\/en\/bolinger-bands\">Bollinger bands<\/a> have widened, which indicates high volatility. The lower band is titled upward.<\/li>\n<li>the <a href=\"https:\/\/www.ifcmarkets.com\/en\/ntx-indicators\/rsi\">RSI indicator<\/a> is below 50. It has formed a positive divergence.<\/li>\n<li>the <a href=\"https:\/\/www.ifcmarkets.com\/en\/ntx-indicators\/macd\">MACD indicator<\/a> gives a bullish signal.<\/li>\n<\/ul>\n<p>The bullish momentum may develop in case <b>SOYB<\/b> exceeds the resistance line of the downtrend at 877. This level may serve as an entry point. The initial stop loss may be placed below the last fractal low, the 10-year low and the Parabolic signal at 827. After opening the pending order, we shall move the stop to the next fractal low following the Bollinger and Parabolic signals. Thus, we are changing the potential profit\/loss to the breakeven point. More risk-averse traders may switch to the 4-hour chart after the trade and place there a stop loss moving it in the direction of the trade. If the price meets the stop level (827) without reaching the order (877), we recommend to close the position: the market sustains internal changes that were not taken into account.<\/p>\n<h2 class=\"emailSummary\" style=\"margin-top: 15px !important;\">Summary of technical analysis<\/h2>\n<table style=\"border: solid 1px black;\" cellspacing=\"0\" cellpadding=\"0\" align=\"left\">\n<tbody>\n<tr>\n<td align=\"left\" valign=\"top\"><b>Position<\/b><\/td>\n<td align=\"left\" valign=\"top\">Buy<\/td>\n<\/tr>\n<tr>\n<td align=\"left\" valign=\"top\"><b>Buy stop<\/b><\/td>\n<td align=\"left\" valign=\"top\">Above 877<\/td>\n<\/tr>\n<tr>\n<td align=\"left\" valign=\"top\"><b>Stop loss<\/b><\/td>\n<td align=\"left\" valign=\"top\">Below 827<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Market Analysis provided by <a href=\"http:\/\/www.ifcmarkets.com\/\" target=\"_blank\" rel=\"noopener\">IFCMarkets<\/a><\/p><div id=\"inves-825594245\" class=\"inves-in-content inves-entity-placement\"><hr style=\"border: 1px solid #ddd;\">\r\n<div id=\"inpost_ads_header\">\r\n<p style=\"font-size:10px; float:left; color:#666;\">Free Reports:<\/p><\/div>\r\n<div id=\"inpost_ads\"> \r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/1ApBOV\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2018\/06\/graph_techs_PD.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t     <a href=\"https:\/\/goo.gl\/1ApBOV\"><b><u>Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p><br><br>\r\n<br>\r\n<br>\r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/f3RrHX\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2019\/01\/cot_pie_80.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t    <a href=\"https:\/\/goo.gl\/f3RrHX\"><b><u>Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p><br><br>\r\n<\/div>\r\n<hr style=\"border: 1px solid #ddd;\">\r\n<br><\/div>\n","protected":false},"excerpt":{"rendered":"<p>By IFCMarkets Cheaper soybean has become more attractive to buyers US soybean prices have significantly fallen after the introduction of a 25% import tariff by the Chinese authorities within the framework of the trade war with the US. According to some market participants, it may again become attractive to consumers. Will soybean prices rise? Buyers [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-130428","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/130428","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=130428"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/130428\/revisions"}],"predecessor-version":[{"id":130438,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/130428\/revisions\/130438"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=130428"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=130428"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=130428"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}