NOVEMBER SOYBEANS

  November soybeans on Thursday closed slightly lower and near mid-range.
Bulls and bears are still on a level near-term technical playing field at
present.

  The next upside price objective for the bean bulls is to push and close
November prices above solid technical resistance at $10.20 a bushel.

  The next downside price objective for the bears is pushing and closing
prices below solid technical support at $9.60 a bushel.

  First resistance for November soybeans is seen at Thursday's high of $10.03
1/2 and then at this week's high of $10.16. First support is seen at Thursday's
low of $9.89 1/4 and then at this week's low of $9.83.

  $15.57 1/2 --- the contract high

  $ 9.78 1/4 --- 10-day moving average

  $10.02 1/2 --- 20-day moving average

  $ 9.62 1/4 --- 40-day moving average

  $ 6.70 
--- the contract low

  DECEMBER SOYBEAN MEAL

  December soybean meal on Thursday closed weaker and near the session low.
Bulls and bears are still on a near-term level technical playing field.

  The next upside price objective for the bulls is to produce a close above
solid technical resistance at the August high of $320.00.

  The next downside price objective for the bears is pushing and closing prices
below solid technical support at last week's low of $278.00.

  First resistance comes in at $300.00 and then at $302.50. First support is
seen at $295.00 and then at this  week's low of $292.50.

  $399.00 --- contract high

  $290.50 --- 10-day moving average

  $300.90 --- 20-day moving average

  $292.20 --- 40-day moving average

  $203.30 --- the contract low

  DECEMBER SOYBEAN OIL

  December soybean oil on Thursday closed lower and nearer the session low.

  The next upside price objective for the bean oil bulls is pushing and
closing prices above solid technical resistance at the August high of 39.70
cents.

  Bean oil bears' next downside technical price objective is pushing  and
closing prices below solid technical support at last week's low of 36.00
cents.

  First resistance is seen at 37.00 cents and then at Thursday's high of 37.50
cents. First support is seen at Thursday's low of 36.57 cents and  then at
36.25 cents.

  70.00 --- the contract high

  36.97 --- 10-day moving average

  37.43 --- 20-day moving average

  36.04 --- 40-day moving average

  30.00 --- the contract low