What is Open interest? How can I use it to trade Soybean Futures (May 2021)?

Open interest is the number of contracts held by traders in active positions — they're not closed or expired. For Soybean Futures (May 2021) this number is 0. You can use it to track a prevailing market trend and adjust your own strategy: declining open interest for Soybean Futures (May 2021) shows that traders are closing their positions, which means a weakening trend.

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Futures
ZSK2021

Soybean Futures (May 2021)

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Overview

News Ideas Forward curve Contracts

Soybean Futures (May 2021) chart

Contract highlights

Volume

—

Open interest

—

Contract size

5000BUA

Month

May 2021

Settlement day

May 14, 2021

Ideas

Malaysian Palm Oil Hovers around MYR 3,780 Malaysian palm oil futures traded around MYR 3,780 per tonne, extending gains from the prior session amid strength in rival edible oils. Prospects of lower production because of dry weather and declining inventories also lifted sentiment. Malaysia's palm oil stocks at the end of November fell after

by Claramellorforex

Unlocking Opportunity: Soybean Oil's Reversal Sparks Interest Soybean Oil Futures Analysis: Current Price: $52.71 Soybean oil has consistently been an appealing asset, having traded near the year's high just six months ago. Recently, the commodity experienced a notable downtrend, dropping from $64.80 to $48.01. However, a modest upward movement is now obs

Long

by iamrk7

Is Anti Butterfly to be targeted...Seems extreme price has been ended as price has entered inside of Bottom BB. Ptichfork is assisting to find the Anti Butterfly (3988 - 4109)

Long

by hilmiyus

FCPO | End of downside FCPO has been on the downside for an extended period, corrected huge. now we are looking for upside movement. as one can see RSI is also supportive, it may turn upside anytime soon.

by iamrk7

Updated

Soybean future 45 mins 6-9-22 update Soybean future has been in a bear trend from some time. The structure looks being complete recently and a new one started from 1st sept. There could be option of double wxy as an alternate.

by Sashmita285

Soybean Future monthly 5-9-22 Soybean Future travelling possibly downtrend currently. The long trend of soybean has been spectacular with the highs and lows in the swing. We are trying to analyze the monthly chart and find out the current market structure.

by Sashmita285

support levels for US soybean oil CBOT supports to look forward in coming weeks in us soyabean oil; 50 should be target in coming days

by gdharmendar429

Head & Shoulders Pattern Bearish Head and Shoulders pattern Type: Bearish Reversal Prior Trend: Bullish Look: Like human body head & shoulders Right shoulder: Right shoulder is formed when prices correct after a sustained up trend Head: once the correction is over prices resume their uptrend and make a new high that is p

Education

by A_Samar

Updated

CORN Futures. An Idea Time of playing out might change but this trajectory has a high probability imo. Idk how/where to trade this yet, but you can also use it to guage the macro picture doing this and know when to get risk averse. Difficult times all across looks to be brewing. Time to research what should one be doing

Long

by Degengambleh

Updated

us cbot soy oil bullish gartley cbot Refined Soy Oil Futures bullish gartley pattern formation likely short covering possible

Long

by gdharmendar429

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Forward curve

A representation of what an asset is worth today and what the market thinks it will be worth in the future.

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Frequently Asked Questions

The nearest expiration date for Soybean Futures (May 2021) is May 14, 2021.

The best time to sell a futures contract is when you've already made money on the investment, but still have plenty of time left before the expiration date. Thus, a good option would be to sell Soybean Futures (May 2021) before May 14, 2021.

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