Rally Fatigue Into a Thin, Geopolitical Weekend
Bean oil attempted another push higher but failed again near 57.75 and settled just under 57 cents per lb. The rejection at the highs coincided with visible selling of at-the-money March calls around the 57.00 to 58.00 strikes. Rather than chasing upside, the market was comfortable selling it. That shift in tone signals distribution and volatility harvesting rather than breakout positioning.
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