Soybean
Soybean market insights
Pivot points are a technical indicator that traders use to predict upcoming areas of technical significance, such as support and resistance. They're calculated by averaging the high, low and closing prices of a previous period. That could be a day, a week or a month.
If a market is trading above its previous pivot point (known as P), it is seen as a bullish signal. If it is below, it is bearish.
Support and resistance levels are a core part of technical analysis, providing crucial insight into possible future price reversals.
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When it comes to trading, it’s just as important to assess your own behaviours as well as the market’s. More than a modern-day trading journal, simply log into our trading platform and select the Performance Analytics tab for in-depth insights on your strengths and weaknesses.
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Soybean details
Soybeans are an agricultural commodity which are traded via futures and options contracts traded on the Chicago Mercantile Exchange (CME). The largest producers of soybeans are Brazil, the United States and Argentina.
Climate, supply and demand and systems approaches all impact the production yield of soybeans.
Soybean production ballooned in the 1960s with an increased worldwide demand for meat products. More than three-quarters of all soybean production is used to feed livestock. The remaining quarter is used in the development of biofuels and vegetable oils.
Soybean oil is a separately traded commodity also available on FOREX.com.
| Margin from | 20.0 % |
| Min trade size | 1 |
| Long | 0 |
| Short | 0 |
| Min stop distance | 0.0 Points |
| Guaranteed order minimum | 0.1 Points |
Spreads
| Spreads from | 0.7 Points |
Margins
| 0 + | 20.0 % |
Dealing
| Spreads from | 0.7 Points |
Margins
| 0 + | 20.0 % |
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