Darin Newsom DTN Senior Analyst
Tue May 26, 2015 07:58 AM CDT

Soybeans: "Slip Slidin' Away"

Soon the November contract will begin registering on the continuous monthly chart as the most active contract (see attached), and unless something changes dramatically in the weeks ahead, it will do so laying against the October low of $9.04.

The few remaining soybean market bulls realize just how important this price is, for a break of the October low could technically erase thee bullish key reversal posted that month that signaled the end of the major (long-term) downtrend.

After rallying to an initial high of $10.86 1/4 last November, the market has been sliding back to ...

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