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Trade Deal Won’t Create Bull Market for Soybeans

Buying on dips, selling on rallies might be far more profitable

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The phase-one trade deal between the U.S. and China announced in mid-January should create frequent opportunities for soybean traders to make money. What it won’t do is create a bull market for the grain, reports Barron's.

Buying on the dips and selling on the rallies might be far more profitable than a buy-and-hold strategy.

Traders should consider buying active-month soybean futures when they dip close to $8.50 and then sell as they near $9.50, Shawn Hackett, president of Hackett Financial Advisors, told Barron's.

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