One of the readers has asked about possible correlation between soybean and silver prices. Well, it looks that this thesis may work.
The chart below shows that sometimes soybean prices are positively correlated with silver ones:
source: www.stockcharts.com
This correlation has been particularly visible since October 2014. So, if the thesis is correct, we should see the continuation of a bull market in these grains.
The upper panel of the chart shows that, similarly to soybean prices expressed in gold, now we have a nice entry point to involve on the long side of the trade.
Anyway, now this trade looks as follows
July 25, 2016 - 10:15 GMT:
At end of day (July 25) the trade is still unfavorable:
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