FeedDinner 2018

JANUARY SOYBEANS -- combined pit and electronic trading

January soybeans consolidated with inside day action Friday. Major support at $11.63 3/4 is vulnerable. A break of that floor would confirm resumption of the primary downtrend off the late August high. Next downside target lies at $11.53/11.51, from the continuation chart. Resistance comes in at $11.90.

$15.50 1/2   -- the contract high 
   $12.00 1/2   -- the 10-day moving average

$12.18 -- the 20-day moving average

$12.31 3/4   -- the 40-day moving average 
   $8.19 3/4 --   the contract low 
   DECEMBER   SOYBEAN MEAL -- combined pit and electronic trading

Soybean meal posted modest gains Friday. However, as long as the market stays below $300.90 on a closing basis, a renewed downtrend is intact. Initial support lies at $296.20 and then $283.20. Secondary resistance is seen at $310.10.

$390.40   -- the contract high 
   $308.50--   the 10-day moving average 
   $314.50   -- the 20-day moving average 
   $318.40   -- the 40-day moving average 
   $236.70   -- the contract low 
   DECEMBER   SOYBEAN OIL -- combined pit and electronic trading. 
   Support   lies at 49.95. Resistance comes in at 51.98. 
   61.45 --   the contract high 
   51.23 --   the 10-day moving average 
   51.50--   the 20-day moving average 
   51.73 --   the 40-day moving average 
   32.24 --   the contract low
FeedDinner 2018