Soybeans - February 2017

 Our initial soybeans roadmap for 2017 indicated the expectation of a bottom in January from which prices would rally, probably until the summer months. Prices bottomed on early January and rallied until the later part of the month.

 The current post shows harmonics of Gann's 14 years cycle and Cowan's 5.5 years cycle expected to turn during the latter part of February.

Update: Soybeans - February 2016

 We are including a short update for our soybean market analysis of the month of February.

 

 The market has shown little activity during this month. We projected that Gann's 30yrs cycle was due to turn in February together with other less important cycles. Our analysis favors a market bottom during this time. This post includes the cycle projection for Gann's 30yrs and 20yrs cycles and a PTV[1] projection from 2012 that may have completed.

Velocity Price Projections for March Soybeans

 Brad Cowan and W.D.Gann put across the idea that market velocity could be useful to project future price targets. In this short post we present several price projections using market velocity for March soybeans.

Update 2: February 2014 Soybean Market

This update on the soybean market presents price targets projections for March soybeans and a commentary on seasonal behavior of the market. 
 

Velocity Price Projections

Figure 1 shows a daily price-time chart for March Soybeans and a market velocity indicator. There are two price targets projected using market velocity around 1372c and 1404c per bushel. Additionally, using market velocity February 19th, 20th, 26th and 28th are projected dates when a possible turning point could be expected.

Update: February 2014 and a 9 Years Cycle in Cash Soybeans

Yesterday's update mentioned a soybean cycle due to turn in February 2014. The triangular wave pattern in Figure 1 shows that this cycle was expected as a market top. However, recent market activity casts some doubts as to whether it will be a top or acceleration bottom.

Moreover, the wheat market forecast presented a cycle due to turn in early February based on smaller harmonics of Gann's 20 years cycle, however larger harmonics of these cycle project a window that extends until late March early April 2014.

Update: Soybean and Wheat Markets February 2014

A short review of the soybean and wheat markets with an update of previous forecasts.

 

Soybean Market Review

The soybean market roadmap for 2014 showed how a harmonic of Gann's 14 years cycle was due to bottom in early January. The last update on the soybean market adjusted a Gann's 20 years cycle harmonic turning point date for Jan 24th. The market did not behave exactly as expected making a slightly lower bottom on Jan 30th at 1260c, an error of only 0.30% of the velocity price projection at 1256 1/4c. However, March soybeans has rallied since.

Update: Early 2014 Wheat Market Analysis

The wheat market forecast for early 2014 discussed the possibility of a market turning point for early February based on Gann's 20 years cycle. This forecast is updated, presenting a possible scenario including price and time projections, based on the market geometry of March wheat futures.