Soybeans Poised for 4Q ’15 Low
10/30/15 INSIIDE Track: Soybeans, Corn & Wheat are (perceived to be) in the final stages of a multi-year decline that is expected to bottom in Nov./Dec. 2015. A low in 4Q 2015 would perpetuate a 7-year low (late-1994)–low (late-2001)–low (late-2008)–low (late-2015) Cycle Progression… and set the stage for a 2016 advance. 775–805.0/S is MAJOR support.
The next important high is expected in 3Q 2016 – the next phase of a ~4-year low (3Q ’00)–low (3Q ;04)–high (3Q ’08)–high (3Q ’12)–high (3Q ’16) Cycle Progression. Initial resistance – and upside target – would be at 1220–1245.0/S.
Rough Rice remains bullish after it fulfilled critical downside objectives in price AND time in 2Q 2015. At the time, it tested major, 3–5 year price support (~9.30/RR) & perpetuated a ~5-year low (June/July 2000)–low (June/July 2005)–low (June/July 2010)–low Cycle Progression, a ~3.5-year high–high–low Cycle Progression and a ~7-year decline.”
Food Crisis Cycles corroborated by outlook in grain markets. Rice reaches multi-year support (~9.30/RR) & surges as Soybeans & Corn near time for major low & initial surge (to ~1220–1245.0/S). Second (up) phase likely in 2017–2019/2020.