Tech Guy Soybean Update - Up Trendlines 6/12/26

Focus on the 3 uptrend lines and notice how each successive one is steeper than the previous one. It is also noteworthy that price could not selloff enough this week to test the most recent line. This indicates increasing momentum on the daily, longer term timeframe. Also, today was an inside (energy building) day.

Soybeans:

At 370 million tons, soybeans are the world’s seventh largest agricultural product and a powerhouse crop, used for food, animal feed, and industrial applications. Brazil, the U.S., and Argentina dominate global production by far with a Paraguay a distant fourth place producer of soybeans. Henry Ford was the man who transformed soybeans from a forage crop to protein supplement and vegetable oil, which is now used to make more than 1400 products.

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