Monitor for a short-term bullish signal on the Soybean Crush, says James Dima, technical analyst at Marex Spectron.

Dima notes that a stochastic crossover is pending for the January Soybean Crush (F19) – the spread between raw Soybean and its processed products, Soybean Meal and Soybean Oil. If confirmed, this would be bullish for Soybean Meal and Oil / bearish Soybean. He says to monitor for today’s close (Friday 26 October) on the daily Chart.

See video for an explanation of the Soybean Crush (CME Group).