Technically Speaking
Darin Newsom DTN Senior Analyst

Thursday 07/24/14

Soybean Spreads: "Ch-ch-ch-ch-Changes"
Soybeans spreads look to have changed direction. The question is will it last long-term.[Read Full Blog Post]
Posted at 6:46AM CDT 07/24/14 by Darin Newsom | Post a Comment
Comments (2)
Key numbers to watch in November soybeans as we head toward Friday's close is last week's high of $11.18 3/4 and settlement of $10.85 1/4. If the Nov climbs above last week's high by the end of this week, and posts a higher weekly close, it would establish a bullish key reversal on its weekly chart. This could, I repeat could, coincide with a possible bullish crossover by weekly stochastics below the oversold level of 20%. Stay tuned.
Posted by DARIN NEWSOM at 8:57AM CDT 07/24/14
As discussed in Monday's Early Word Grain comments (07/28), recent action in soybean futures spreads indicating possible new export sales was confirmed Monday morning. USDA announced a sale of 420,000 mt U.S. soybeans and 66,000 mt of optional origin to China for the 2014-2015 marketing year.
Posted by DARIN NEWSOM at 8:06AM CDT 07/28/14
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