Consider buying a call option on January soybean futures.
See on the daily bar chart for January soybean futures that prices have been trending lower for the past several weeks. However, my bias is that the market is overdone on the downside and that a harvest low is in place, or very close at hand. Overall world supply and demand fundamentals in the soybean market are still fully bullish. See, too, that the Moving Average Convergence Divergence (MACD) indicator has just produced a bullish line crossover signal, whereby the thick blue MACD line moved above the thin red “trigger” line. Consider buying a call option on January soybean futures, with an upside price objective of $17.50, or above. The option expires in late December.
