Update: Mid-2014 Soybeans Cycle and PTV Analysis

 In our last update we talked about the possibility that soybeans could rally for the rest of the year going close to or above 1650¢ per bushel in November 2014 aligning with Gann's 45 years cycle harmonic.

 We also mentioned that even though we were expecting a top in May 2014 we underestimated it, thinking that the market would rally shortly after and continue with its uptrend. Instead the market had a great decline.

 The present post addresses the possibility that a rally could be under way based on cycle and PTV[1] analysis. An important harmonic of Gann's 14 years cycle was due to turn between July 22nd-26th. It coincided with the completion of PTVs related to the Square Of Twelve in both the cash and futures markets.

Mid-2014 Cash Soybeans Cycle and PTV Analysis

 Our analysis of the cash soybean market indicated that a geometric cubic structure completed in Nov-2013. Additionally, an important Gann's 45yrs cycle harmonic aligned with Nov-2013 bottom. This was indication of a rally and much higher prices in the cash soybean market.

 We pointed out in our soybean roadmap for 2014 the months of January, May and November as important for trend changes in the soybean market. We initially considered that the high of the year could be made from mid to late May reaching much higher prices.

 

 Cash soybeans topped out in May 22nd, 2014 but not reaching our initial price targets. Prices have drastically dropped since the market topped in May. This proves that we clearly underestimated that top.

 The current post will briefly address our initial train of thought regarding the cash soybean market and why we expected higher prices.