MARKETS NEWS
Darin Newsom DTN Senior Analyst
Fri Nov 15, 2013 03:32 PM CST

Bearish Follow-Through in Jan Beans

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 ...

Quick View
  • Dr. Dan Talks Agronomy Can you trim inputs while growing soybeans in 2015? Here's a look at what you can and can't cut.
  • Fescue Workaround Fescue can be a challenge, but Butch Foster said he and his dad, Bob, put 200 to 250 pounds on ca...
  • Ask the Taxman by Andy Biebl Readers pose tax questions on how to justify repairs, handle capital gains on a residence and com...
  • Senior Partners - 1 Think how rural communities could rejuvenate if farmland rents stayed local rather than flowing t...
  • Sample With Precision Dan Davidson looks at how to measure the horsepower of your soil with the Solvita soil respiratio...
  • USDA Defines Actively Engaged Under the 2014 farm bill, family operations are exempted from proposed changes in actively engage...
  • New Paths Max payments forecast in areas of hardest-hit 2014 corn yields.
  • She's Got It All Alicia Mielke is a farm girl originally from Harrington, Wash., who continues to lend a hand to h...
  • Ask the Vet Would a bull with an undescended testicle or one that was a hard pull at birth be worthy of breed...
Related News Stories
DTN's Quick Takes
DTN Before The Bell Grain Comments
Guest Editorial
Newsom on the Market
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