10 HOT Charts
1 | One commodity, two notably different charts
November soybeans closed near $10.21 today, down 21% ($2.25) year-to-date.
However, Brazilian producers have only lost the equivalent of 60 cents (9%) due to the 13% decline of the Brazilian real against the US dollar in 2024.
CURRENCIES MATTER!
2 | Two soy products, moving in very opposite directions
It’s like oil and water… except it is oil and meal who will perpetually have an inverse relationship.
3 | Twinning
No denying the correlation between canola and bean oil futures:
4 | Oof
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