Soybeans Fulfill Multiple Upside Price Targets

07/28/16 INSIIDE Track:  Soybeans, Corn & Wheat declined in tandem, with Soybeans reversing their weekly trend down and removing the potential for a retest of their highs before a multi-month/multi-quarter peak took hold.  Soybeans had already attacked their extreme upside objective for all of 2016… so price targets had been met… after surging over 40% and producing the largest rally since 2012 – a 4-Shadow signal that portends a much larger advance after the next low.

In order to trigger that signal, Soybeans rallied ~350.0 and exceeded the magnitude of 3+ years’ worth of advances.  Corroborating that, they rallied from early-Nov. into mid-June (~7 months), exceeding by two weeks the 2013/2014 rally (the longest of the past 3–4 years) from early-Nov. ’13 into late-May ’14.  That provides the timing/cyclic version of a ‘4-Shadow’ signal as well.

From a cycle perspective, Soybeans were expected to surge into mid-2016 – at which point a 6–12 month peak was most likely… perpetuating a ~4-year low-low-high-high-high Cycle Progression – overlapping a ~360-degree high-high cycle that projected a 3–6 month (or greater) peak in May–July 2016.

The May–July period is when highs have been seen in each of the past 4 years… and is also when the multi-year highs of 2000, 2004, 2008 & 2012 were seen.  So, it was the ideal time for another multi-month/multi-quarter peak.

From a price perspective, the ideal upside target was/is the yearly LHR (intra-year extreme upside objective for 2016) at 1216.5/S.  Soybeans peaked at 1208.5/S in mid-June 2016…

From a multi-year basis, Wheat is showing that it could be poised for a multi-quarter (and potentially a multi-year) bottom in 3Q 2016… when it would complete a ~4.25 year high-high-(low) Cycle Progression.  A low in the second half of 2016 (ideally around Sept. 2016) would also be a complete 7-Year Cycle from its Sept. 2009 bottom – the lowest low of the past 8+ years.

Wheat is in the process of retesting that low as it completes a symmetrical ~8.25–8.5 year rally (late-1999–early-2008) followed by an ~8.25–8.5 year decline (early-2008–3Q/4Q 2016) – completing an overall ~17-Year Cycle from the 1999 Major bottom.

Ultimately, that could lead to a multi-year advance taking hold in 2017… a precise 40-Year Cycle from Wheat’s 3-year/150% surge of 1977–1980 (an inflationary period in most markets).

Meanwhile, Corn has been weaker than expected – breaking below its 6–12 month lows and nearing Major support at its Sept. 2014 low (and the lowest level since 2009) at ~318.0/C.  Between now and late-2016, Corn could drop as low as 290–300.0/C – its 2009 & 2010 lows, the lowest level since 2006 and its multi-year ‘4^th wave of lesser degree’ – the low from which its 5^th (V) wave advance (2008–2012) emerged.”

Soybeans fulfilled projections for 1 – 2 year peaks in May – July 2016, the latest phase of 2-Year & 4-Year Cycles that project future 1 – 2 year peaks for May – July 2018 & May – July 2020.  They fulfilled multiple upside price targets, corroborating that outlook.  In contrast, Wheat is projecting a major, multi-year low in Aug./Sept. 2016 and the onset of an initial surge in 2016 – 2017.  That should be part of an overall advance into 2020 – corroborated by the 40-Year Cycle.  Food Crisis Cycles – most acute in 2019 – 2020 – and Flood Cycles, that could intensify in 2019 – 2021 (the same time climate, crop, solar & seismic cycles collide), reinforce this outlook.

The 4-Year Cycle Peak in Soybeans produced a corroborating peak in mid-2016 (May – July ’16; a precursor to a more dramatic peak in mid-2020) and reinforces this overall outlook for the late-2010’s.  See http://40yearcycle.com/wp-content/uploads/2015/06/INSIIDETrackSR201205Beans2012em.pdf for details and analysis on the last 4-Year Cycle Peak in 2012.