The charts suggest there's opportunity in soy

Thomson Reuters

• Soybeans and soybean meal commodities have been improving recently, which should help the CRB Index in moving higher. 
• Not all soy products are equal as soybean meal outperforms soybeans and soybean oil. 
  

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Commodity strength has been a clear theme over the intermediate term, with the energy complex and base metals doing a majority of the heavy lifting in helping the CRB Index break out of its 2+ year range. The 41% of the index made up of Agricultural commodities has seen mixed performance, with Cotton and Cocoa leading and Sugar and Coffee struggling to put in any sort of meaningful bottom. However, there has been some improvement in the action in Soybeans and Soybean Meal, as well as Corn and Wheat which should support the CRB Index in moving higher. With that being said, this post is going to focus on the three Soy related commodities.

All Star ChartsSee the rest of the story at Business Insider

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