date:Jul 02, 2013
A data last week have hit the soybean market, too. The bears have the overall near-term technical advantage. Weather in the U.S. Corn Belt remains benign for both soybeans and corn, and thats also bearish. The next near-term upside technical breakout objective for the soybean bulls is pushing and closing prices above solid technical resistance at last weeks high of $12.84 3/4 a bushel. The next downside price breakout objective for the bears is pushing and closing prices below solid technical su