NEWS
Darin Newsom DTN Senior Analyst
Sat Apr 6, 2013 10:16 AM CDT

Believe or Not, May Beans Showing Signs of Life

To study possible short-term developments in the soybean market, I chose to look at the daily chart for the May contract due to higher open interest than the July and option expiration of May puts and calls at the end of this month. What I found was interesting, because the recent collapse in the contract has actually led to bullish technical signals.

On March 27, the day before USDA's Quarterly Stocks report, May soybeans closed at $14.53 3/4. Early the next day the contract extended its ill-fated rally to a high ...

Quick View
  • Prepping for a Pest USDA has released a new set of pest response guidelines for Helicoverpa armigera, the voracious g...
  • Racing the Clock For Brian Marshall, the clock starts the minute a new calf hits the ground. Within the first four...
  • Hay Baling Safety Important Looking at it as a sporting event, mid-July is the halftime of the hay baling season in most of t...
  • Study Your Farm Bill Options Feeding the world population won't be as hard as expected over the next decade some experts forec...
  • Weathering the Drought Parts of the panhandle and western Oklahoma are still considered as being in extreme or exception...
  • Clearing the Air EPA Administrator Gina McCarthy told a group of agribusiness representatives that her agency want...
  • Klinefelter: By the Numbers Peak prices since 2007 didn't slow megafarm consolidation. Mid-size operators may need to collabo...
  • Corn's Hidden Highways Scientists are rewriting the route to better hybrids.
  • Ask the Vet Before implanting heifers that will be bred, consult with a veterinarian to be sure fertility won...
Related News Stories
DTN Closing Grain Comments
DTN's Quick Takes
DTN Midday Livestock Comments
Newsom on the Market
DTN Midday Grain Comments
DTN Before The Bell Grain Comments
DTN Early Word Opening Livestock
DTN Early Word Grains
Technically Speaking Blog
DTN Closing Grain Comments