MARKETS NEWS
Technically Speaking Blog
Darin Newsom DTN Senior Analyst
Fri Nov 15, 2013 03:31 PM CST

Thursday's blogged post talked about the fine line between bullish and bearish January soybeans were faced with on the close. A settlement below the previous day's price would be bearish, while a close above the previous day would be bullish. As I noted in the comments, the contract closed below Wednesday's price of $13.15, setting the stage for minor (short-term) downtrend.

And as things turned out Friday, the contract wasted little time in following through on Thursday's bearish technical signal. The contract leaked lower throughout the day, gaining momentum late in the session, falling 33 cents and closing near session ...

Quick View
  • Xtend Moves Forward USDA has issued its final environmental impact statement recommending full deregulation of Monsan...
  • Land Market What could the next year hold for land values?
  • No Agreement on Tax Extenders White House spokesman Josh Earnest on Monday said in his daily briefing that the White House woul...
  • Year-End Tax Panic Do-it-yourselfers beware: Last-minute tax rules could complicate your 2014 returns. Small employe...
  • Dow's Gutsy Decision Dow's decision to launch Enlist offers some hand-selected growers a chance to test drive new tech...
  • Congress Reaches Funding Deal The overall Agriculture Department and related agencies bill would cost $20.5 billion for fiscal ...
  • Need To Bee Accurate A news story had the wires buzzing Tuesday afternoon after a report that EPA was set to restrict ...
  • Kub's Den The Dakotas lost more than $130 million in grain revenue during the 2013-14 marketing year compar...
  • Ask the Vet What can I do to improve udder quality in my herd?
Related News Stories
Newsom on the Market
DTN Early Word Opening Livestock
DTN Early Word Grains
Sides 'Far Apart' in Port Negotiations
China Holds Grain Import Quotas Steady
DTN Closing Grain Comments
DTN's Quick Takes
DTN Midday Livestock Comments
DTN Midday Grain Comments
DTN Before The Bell Grain Comments