Soybean tends to rebound in August after extreme weakness

Corn and soybeans may rise for a 3rd straight week on speculation dry Midwest weather will reduce the yield of the 2 biggest US crops.

Seasonally June and July are the weak months for Soybeans because during those periods future supply are more known. Soybean tends to rebound in August after extreme weakness from June and July.

Bought 1 lot of Soyabean Nov08 at 1365.75.
Stop level at 1300.00
Target level at 1470
Value of 1 point is US$50

10 min chart

Daily chart

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