Soybean Cycles Bottom in 4Q ‘15
08/31/15 INSIIDE Track:
Soybeans, Corn & Wheat have dropped to new lows after fulfilling the potential for a “fast & furious” surge from May into July 2015. They turned their weekly trends back down in August, confirming that a multi-month peak took hold in July 2015.
On a longer-term basis, Soybeans & Corn are still likely to set a Major low in 2015 – now most likely to take hold in Nov. or Dec., when the next crucial convergence of weekly & monthly cycles comes into play.
As a result, this overall decline could extend into 4Q 2015 – when the second set of intra-year cycles AND when a 7-year low (late-1994)–low (late-2001)–low (late-2008)–low (late-2015) Cycle Progression converge. 775–805.0/S is MAJOR support.
Rough Rice remains a different – more bullish – story after it fulfilled critical downside objectives in price AND time. It tested major, 3–5 year price support (~9.30/RR) & bottomed in line with cycle expectations – perpetuating a ~5-year low (June/July 2000)–low (June/July2005)–low (June/July 2010)–low Cycle Progression, a ~3.5-year high–high–low Cycle Progression and a ~7-year decline.
Rough Rice was expected to advance into late-August/early-Sept and has now accomplished that – setting the stage for an intermediate high.”
Food Crisis Cycles focus on 2016/2017 for serious challenges. Soybeans’ cycle low in 4Q 2015 & cycle high in mid-2016 demand close scrutiny. El Nino poised to create drought & flooding in critical crop regions. Watch California & South America.
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