We enter the week with the 10 Year US Treasury Yield slightly bullish with a potentially lower yield

We enter the week with the 10 Year US Treasury Yield slightly bullish with a potentially lower yield

What could continue to move the yield lower? Demand, Economic Weakness, Event Risk Concerns, or Other Market Concerns/Factors could take the yield lower to 2 or below before a move higher

If the yield moved above 2.75 then some consideration would need to be given to a change in trend

Bearish - Breaking support at 92.56 opens the door for a likely decline to 87 or lower

Given global macro considerations coupled with no significant global anomaly event moving forward this index may have some serious weakness

Unless Middle East, North Korean, European, Venezuelan or other anomaly events start to dominate market participant decisions, then we are still in search of a low for the dollar

The question in search of an answer: What is the near term impact of Government and Central Bank intervention globally on economic activity? Do not rule out a revisit to previous index lows during this period of global consolidation. That said, this index is building a base to move higher

Caution is advised since global economic, social, political and military uncertainties remain problematic

Between Fed off-again and on-again accommodation and/or misdirectional verbal guidance, building uncertainties surrounding fiscal, trade and regulatory policy stimulative activities, the $CRB Commodity Index: a key economic indicator, has struggled

Trading range $43 to $52 with this week’s prices more bearish than bullish

A complex, volatile and an uncertain market that deserves a great deal of respect in a world with building economic, social, political and homeland security uncertainties

North Korea, market structure, geopolitical considerations and building possibilities of a Venezuelan civil war are just some of the supportive factors

Assume bearish until price action proves otherwise

Soybeans enter the week with potential upside price expectations, so is the price move corrective followed by prices resuming their move to the downside or is a bottoming process underway?

Given complex global macro challenges assume until price action proves otherwise that the bottoming process has not yet completed, and a retest of the $9.00 area or potentially lower into the $8.35 area is still a possibility

Assume bearish until price action becomes more supportive of the bullish case and give consideration to prices moving to their previous 2016 lows of $3.15 or below

Interestingly the bullish bias remains, but potentially near term uncertain global economic crosscurrents related to currencies, bonds, equities and commodities are rebalancing markets

Price needs to confirm that a bottom is in place, otherwise some serious price weakness could emerge given current global economic uncertainties

Consideration now has to be given to prices returning to their 2016 low of $3.90 or lower

A cautionary time period as gains consolidate

Allow price action to provide guidance

Near term remain cautious of this index

Allow price action to provide guidance

A cautionary time period

Attempting to regain momentum

Allow price action to provide guidance

A cautionary time period, but regaining momentum

Allow price action to provide guidance