Core Viewpoint - December coffee futures present a selling opportunity due to recent price weakness and potential bearish patterns forming in the market [1][2]. Price Movement and Technical Analysis - December coffee futures have experienced a sharp price drop followed by a slight rebound, currently pausing, which is not indicative of a bullish trend [2]. - A bearish flag or pennant pattern may be forming, and the MACD indicator has shown a bearish crossover, with the blue MACD line crossing below the red trigger line, both trending lower [2]. Fundamental Factors - Coffee futures prices have declined due to improved weather conditions in key growing regions like Brazil, leading to increased coffee supply and alleviating previous supply deficits [3]. - Recent rainfall and a positive outlook for the Brazil coffee harvest have contributed to the downward pressure on futures prices [3]. Support and Resistance Levels - A drop in December coffee futures below the solid chart support level of 350.00 cents would empower bearish sentiment and create a selling opportunity, with a downside price objective of 270.00 cents or lower [4]. - Technical resistance is identified at 380.00 cents, where a protective buy stop should be placed [4].

Core Viewpoint - December soybean meal futures are presenting a value-buying opportunity as prices begin to trend higher, supported by technical indicators and market conditions [1][2][3]. Technical Analysis - The daily bar chart indicates that December soybean meal futures prices are starting to trend upward, with a bullish MACD crossover signal occurring as the red MACD line crosses above the blue trigger line [2]. - Historical price data shows that soybean meal prices below $300.00 per ton have historically represented a value-buying opportunity [2]. - A breakout above the resistance level at $290.00 would enhance bullish sentiment and create a further buying opportunity, with an upside price target of $312.00 [4]. Market Fundamentals - The recent rally in the soybean market occurs despite the USDA's report of a large U.S. soybean crop expected to be harvested soon, indicating that traders have already priced in this information [3]. - Improved U.S.-China trade relations are fostering optimism among soybean bulls for increased purchases of U.S. soybeans by China in the upcoming months [3].