Soymeal Prices Look To Break Out Soon

08 Sep in Blog, commodity consulting, commodity trading, corn, futures, Mike Seery, oats, option trading, seeryfutures, soybean meal, soybean oil, soybeans, wheat

Soybean Meal Futures--- Soybean meal futures in the December contract are currently trading at 308.00 a ton after settling last Friday in Chicago at 299.50 as I am looking at a bullish position if prices break 311 & if that does occur place your stop loss under the 10 day low of 296.50 as the risk will be around $1,500 per contract plus slippage and commission.

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