The corn and soybean futures markets have both followed the same paths this year and both markets are seeing substantial commercial trader support. The primary reasons for the strong commercial buying in in these declining markets have been high cattle prices and the unexpected decline in the US hog population. We discussed the details as well as the current Commitment of Traders Buy Signal this morning in November soybeans in this piece for TraderPlanet.
You can see more of our analysis published for TraderPlanet and others at COTSignals.com.
