Technically Speaking
Darin Newsom DTN Senior Analyst

Sunday 12/16/12

Soybean Trends for 2013
To illustrate my On the Market column, a look at the monthly chart for soybeans shows the different trends that could be seen in 2013.[Read Full Blog Post]
Posted at 10:30AM CST 12/16/12 by Darin Newsom | Post a Comment
Comments (4)
Update: Jan beans have pushed their way through $15.00 with March getting closer early in the Sunday CME Globex overnight session.
Posted by DARIN NEWSOM at 5:19PM CST 12/16/12
Update #2: Interesting to note that the initial rally stopped near the 33% retracement level of $15.11. Long-term fundamentals remain bullish, as indicated by strenthening inverse in futures spreads, keeping the long-term target of 50% ($15.80) to 67% ($16.50) retracement in place.
Posted by DARIN NEWSOM at 9:04AM CST 12/18/12
Update #3: As discussed in Early Word Grains Wednesday, the selloff in soybeans has the January and March contracts testing support at 33% retracement levels of initial uptrends. This puts support at $14.63 and $14.52 respectively.
Posted by DARIN NEWSOM at 6:26AM CST 12/19/12
Would love to hear your thoughts now Darin...this sell off has been nothing short of a locomotive. Still any bullishness in here? Seems to me that is no significant damage is done going forward in SAM, this thing is toast.
Posted by Peter Smith at 10:08AM CST 01/04/13
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