DOW JONES NEWSWIRES

  NOVEMBER SOYBEANS

  November soybeans on Friday closed higher, near mid-range, and did post a
bullish weekly high close. A bear flag pattern on the daily bar chart was
negated on Friday.

  The next upside price objective for the bean bulls is to push and close
November prices above major psychological resistance at $10.00 a bushel.

  The next downside price objective for the bears is pushing and closing prices
below solid technical support at last week's low of $9.40 1/2 a bushel.

  First resistance for November soybeans is seen at $9.80 and then at Friday's
high of $9.88. First support is seen at $9.60 and then at  Friday's low of
$9.51 3/4.

  $15.57 1/2 --- the contract high

  $9.89 1/2 --- 10-day moving average

  $9.88 3/4 
 20-day moving average

  $9.61 3/4 
 40-day moving average

  $6.70 
--- the contract low

  DECEMBER SOYBEAN MEAL

  December soybean meal on Friday closed higher, nearer the session high and
closed at a bullish weekly high close. A bearish pennant pattern on the daily
bar chart was negated Friday.

  The next upside price objective for the bulls is to produce a close above
solid technical resistance at $300.00.

  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 Friday's high of $293.40 and then at $295.00.
First support is seen at $285.00 and then at Friday's low of $282.20.

  $399.00 --- contract high

  $295.10 --- 10-day moving average

  $298.10 --- 20-day moving average

  $293.10 --- 40-day moving average

  $203.30 --- the contract low

  DECEMBER SOYBEAN OIL

  December soybean oil on Friday closed higher, nearer the session high and
closed at a bullish weekly high close. Prices also scored a bullish "outside
day" up on the daily bar chart. A bear flag on the daily bar chart was negated
Friday.

  The next upside price objective for the bean oil bulls is pushing and closing
prices above solid technical resistance at 38.00 cents.

  Bean oil bears' next downside technical price objective is pushing and
closing prices below solid technical support at 35.00 cents.

  First resistance is seen at Friday's high of 37.25 cents and then at 37.50
cents. First support is seen at 36.50 cents and then at Friday's low of 36.00
cents.

  70.00 --- the contract high

  37.43 --- 10-day moving average

  36.91 --- 20-day moving average

  35.97 --- 40-day moving average

  30.00 --- the contract low