Soybeans

The August USDA crop report was slightly bearish as U.S. corn/soybean yields surpassed trade expectations.T he NASS yield estimates didn't come as a big surprise relative to what traders had been discussing.
Last week corn futures tested a big level of support last week at $3.25 and held up; soybeans pushed higher after touching the bottom of the trend channel. 
Several key USDA reports come out June 30. Blue Line Futures' Oliver Sloup breaks down the technical landscape for grains, soybeans, and other commodities.
Soybeans higher on heavy rains that are stalling planting. We traded above the $9 per bushel level which was a resistance level and now will be a support level. Soybean futures are currently trading at $9.10 per bushel.

The coming week, Aug. 27-31, sets up trending pivot and range statistics math in the Eurodollar, Japanese yen and Gold.

The coming week of Aug. 24, 2018, sets up trending pivot math in the Japanese yen, a potential rangebound pivot breakout higher in soybeans, and bulls entering many markets. The S&P 500 appears near highs for next week, but the monthly Camarilla pivot at the 2,867 level seems to make sense to me, so I projected next week’s new high at 2,865 or higher.
The coming week of Aug. 13, 2018, sets up trending pivot math concurrent with narrow ranges (means breakouts) in the S&P 500 (countertrend bounce & maybe down), Japanese yen, Crude oil, and gold (extreme narrow range block/rectangle on daily chart). The Eurodollar has already made 5 easily-countable down-waves (Monthly chart) since the swing top I identified in advance months ago, and it has sideways pivots for this week but extreme trending monthly pivots into Sept.
The week of July 30 presents breakout traders gold, Eurodollar and crude oil setups. All three are in narrow ranges on multiple time frames with inside-range pivots, compared to this week. Monthly pivots are also inside-range on the Eurodollar and crude oil, making this a time-pivots breakout as well. If one considers the last 10 days’ range as a time series, then half of its length could be rotated upwards/downwards in the price axis (use your finger’s distal phalanx for past 5-6 days and rotate 90-degrees up/down) to give a $71.00/barrel or $66.00/barrel target as a rough estimate that may seem today like a crazy place for price to be.
By mid-March 2018, rhetoric regarding trade relations between the United States and China began to heat up. President Trump started this earlier in the year with an announcement of steel and aluminum tariffs. Later he focused more on China and Chinese officials responded in kind. The heated-up rhetoric seemed to be capable of starting a serious trade war in which each country would boost tariffs that would raise the cost of the other nation’s exported products.
The coming week, starting Monday, July 16, should present more sideways markets than breakouts, although gold and the Eurodollar currently (as of Friday morning on July 13) have pivots with breakout lower setups. Of course, the Eurodollar extreme candle reversal up signal and the gold moving average supports on multiple time frames with bullish candlestick patterns can cause a lower-pivots rejection in each/either symbol. Such a rejection would be bullishly volatile, whilst various groups of traders would, in theory, battle it out.