Soybean Meal Has Momentum. How Much Higher Can Prices Go?
Yahoo Finance·2026-01-12 23:54
March soybean meal (ZMH26) futures present a buying opportunity on more price strength. See on the daily bar chart for March soybean meal futures that prices have rebounded from the early January low and the bulls have gained some momentum. See, too, at the bottom of the chart that the moving average convergence divergence (MACD) indicator is in a bullish posture as the blue MACD line is above the red trigger line and both lines are trending up. Seasonality studies also favor the soybean complex futures l ...