Soybean Meal has good fundamental setup conditions and is ready for entry again. See weekly chart below.

Conditions Summary:
-AboySetup1 Commercial Buying Estimator: high & decreasing
-AboySetup2 Commercials Index: high > 80%
-AboySetup3 Sentiment Index: moderate/low < 50%
-AboySetup4 Large Traders Index: low <20%
-AboySetup5 Small Traders Index: moderate < 35%
-AboySetup6 Fundamental Valuation Index : normal < 55%
-AboySetup7 Seasonal: around the lowest points
-Stochastic: oversold <20%
-ADX: maximum reached




Analysis/Action:
Entry: Long Stop 269.30; Stop 260.00 (see daily chart below)