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
  • Back to Beans Growers considering moving a field from continuous corn back into soybeans should pay special att...
  • The Attraction of Youth Combine genotyping with a yearling bull, or even a weanling, and you're less likely to make a poo...
  • Kubota Steps Up A new mid-range, high-horsepower M7 tractor moves this company into the row-crop arena.
  • SCO Sticker Shock Costs and potential disconnect with county yields make the Supplemental Coverage Option a hard se...
  • Clean Water Goes a Long Way Cleaning up 900 feet of a small creek in Kentucky brings rebirth to water once choked with sedime...
  • Clean Air Lawsuits Filed Several environmental and animal-welfare groups argue in two lawsuits that there is well-document...
  • Ag and Environment Outlook Agriculture continues to watch how the U.S. Environmental Protection Agency implements the propos...
  • Surgery on Plastics Dharma Kodali's goal is to insert soybean oil in the basic ingredient list for PVC plastics.
  • Ask the Vet How should I treat a cow with a swelling on her flank?
Related News Stories
Technically Speaking Blog
DTN Closing Grain Comments
DTN's Quick Takes
Convergence: A Mathematical Explanation
DTN Midday Grain Comments
DTN Midday Livestock Comments
DTN Before The Bell Grain Comments
DTN Early Word Opening Livestock
Newsom on the Market
DTN Early Word Grains