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CBoT soyameal remains a short play

CBoT soyameal remains a short play

Soyameal:
Price has been moving sideways more than anything else during the past week and reversed on Tuesday after an initial and minor swing up. Thus far price is following our preferred path reasonably well and we keep our target on lower levels and have even trailed down same target to the 285/275 level after which we expect even lower levels from there. No changes in our expectations except a further trailed target than before.