FARM BUSINESS NEWS
Technically Speaking Blog
Darin Newsom DTN Senior Analyst
Sat Nov 2, 2013 06:43 AM CDT

Corn: The December contract closed 12.25cts lower. The secondary (intermediate-term) trend has turned down. Weekly stochastics remain well below the oversold level of 20% indicating the next move should be to an uptrend. The major (long-term) trend on the monthly chart is also down.

Soybeans: The January contract closed 42.00cts lower. The secondary (intermediate-term) trend on the weekly chart turned down. The January contract is testing key support near $12.48, the 67% retracement level of the previous uptrend from $11.69 to $14.06. Weekly stochastics are neutral. The major (long-term) trend on the monthly chart remains up.

Wheat: The Chicago December ...

Quick View
Related News Stories
Harvest Revenue Insurance Prices
DTN Closing Grain Comments
DTN's Quick Takes
DTN Midday Livestock Comments
DTN Midday Grain Comments
Union Pacific 3Q Profit Up 19%
DTN Before The Bell Grain Comments
DTN Early Word Opening Livestock
DTN Early Word Grains
DTN Closing Grain Comments