MARKETS NEWS
Darin Newsom DTN Senior Analyst
Wed May 1, 2013 09:42 AM CDT

Another Look at July Soybeans

A couple of weeks ago I posted a blog talking about some of the bullish signals being seen in July soybeans (April 20, "July Beans Still Bullish"). However, as a new month begins those bullish signs aren't quite as clear as they were before.

To begin with, the early stages of a promising uptrend seemed to collapse as the contract tested price resistance at $14.11. This marks the 33% retracement level of the previous downtrend from $16.05 3/4 through the initial low of $13.31 3/4. Since testing that resistance this past Monday the contract has ...

Quick View
  • Enlist Cotton Approved USDA has made its final decision to deregulate Dow AgroScience's Enlist cotton trait, which means...
  • Market Moves Weaning and preconditioning top the list of aggravating and expensive chores for most ranchers. C...
  • Ask The Mechanic Ask the Mechanic answers the question about how VW and German engineering was able to get by with...
  • Batten Down the Hatches Purdue economists forecast multiple years of negative or narrow margins for corn and soybean prod...
  • PNW Ag Hit by Historic Drought In addition to problems with the Northwestern wheat crop, cattle are also being adversely affecte...
  • RFS Deadline Nears With the deadline to file comments on the proposed Renewable Fuel Standard volumes to strike at m...
  • Woodbury: Farm Family Business Agendas don't always lead to immediate decisions, but can still cement your family unity.
  • Multi-Year Losses Spur Concern The recent price rally offered growers a welcome opportunity to price 2014 and 2015 crops, but it...
  • Ask the Vet The vet says my calf had Mannheimia. What is that?
Related News Stories
DTN's Quick Takes
DTN Midday Livestock Comments
DTN Midday Grain Comments
DTN Before The Bell Grain Comments
DTN Early Word Opening Livestock
DTN Early Word Grains
DTN Closing Grain Comments
DTN Midday Livestock Comments
DTN Midday Grain Comments
DTN Before The Bell Grain Comments