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
  • Crop Tech Corner In this week's Crop Tech Corner, researchers produce orange-colored corn with sight-saving capabi...
  • Strong Immunity Wins Two weeks after calving, cows lose body condition. But if she is short on nutrients, too, that dr...
  • Russ' Vintage Iron DTN staff reporter Russ Quinn takes a look at farm life nearly a century ago.
  • Klinefelter: By the Numbers Farm lenders should halt their petty rivalry and focus on agriculture's best interest: Our nation...
  • CWA Rule Pressure The Pennsylvania Department of Environmental Protection has asked the federal EPA to withdraw the...
  • GOP Picks Conaway as House Ag Chairman The House Republican Steering Committee on Tuesday selected Rep. Michael Conaway, R-Texas, as the...
  • Head Start A Pennsylvania teen has two years of a farm-to-fork business under his belt and is looking to exp...
  • Woodbury: Farm Family Business One of the world's wealthiest families measures success not in dollars but in authenticity.
  • Ask the Vet A warning about bull breeding soundness.
Related News Stories
Newsom on the Market
Bin Doors Slam Shut on Corn
DTN Closing Grain Comments
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