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Jim Wyckoff

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Weather market in soybeans!

July 29, 2022 by Jim Wyckoff

The soybean futures market has quickly gained almost $2.00 a bushel in just a week’s time, as weather forecasters are calling for scorching heat and dry weather in the U.S. Corn Belt for early August—which is the critical growing phase for most of the U.S. soybean crop. Weather markets heat up fast, and die fast. Look for higher volatility in the soybean futures market in the near term, as traders keep their eyes to the Corn Belt skies. Stay tuned! —Jim Wyckoff

Filed Under: Blog News, Jim's Morning Report, Uncategorized

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There is a risk of financial loss in futures and options trading. Futures trading is neither easy nor an easy way to make money. It takes hard work to have success. Please use sound money management when trading futures. Past performance is not necessarily indicative of future results. Nothing on this website is intended to be a trading recommendation to buy or sell futures or options. All information has been obtained from sources believed to be reliable, but accuracy is not guaranteed. Readers are solely responsible for how they use the information on this website.

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