Soybean Meal Prices Are Rising Amid Global Supply Disruptions. How to Trade the Uptrend Here.

December soybean meal (ZMZ26) futures present a buying opportunity on more price strength. See on the daily bar chart for December soybean meal futures that prices are in an uptrend. See, too, at the bottom of the chart that the moving average convergence divergence (MACD) indicator is in a bullish posture, as the blue MACD line is above the red trigger line and both lines are trending up. Fundamentally, China has stepped up its buying of U.S. soybeans recently, at the same time that the U.S.-Iran and Russia-Ukraine wars are causing shipping and logistical constraints on global grain supplies. A…