SK21:CK21 Convergence:Divergence

There is, and has been, a troubling formation in the SK21. Note how the 10, 20, 50-day moving average lines are converging between 1403 and 1409. Granted, we are trading higher than that today but that convergence is troubling. Compare the SK21 with the CK21 chart. Note the divergence in the 10,20,50-day moving averages in the CK21. Also note the spread between the 50, 100, 200-day moving averages in the CK21 continue to get wider. With soybean stocks dangerously thin I cannot bring myself to think we are going lower anytime soon in soybeans but corn contracts currently are in an all-out bull mode.