September 27, 2024
This analysis reviews the recent price action of the soybean-corn ratio chart. I highlight the breakdown of the descending triangle pattern, which typically signals further downside. Buyers have stepped in at the 200-week moving average, offering some short-term support. However, despite a minor rally, the ratio remains below its previous levels and is now testing a critical resistance zone. For those considering selling soybeans or corn, this analysis could provide key insights into whether further declines are likely. Rewatch our August 21 analysis on the corn/soybean ratio chart here: https://www.youtube.com/watch?v=VvMbTWWSkbk&t=38s
