DOW JONES NEWSWIRES

  NOVEMBER SOYBEANS5

  November soybeans on Tuesday closed lower and nearer the session low.
Despite another U.S. soybean sale to China announced Tuesday and cooler
weather in the U.S. Corn Belt that is still deemed slightly bullish for
soybeans, futures prices sold off Tuesday. That's a bearish technical clue.

  Still, the above factors are likely to limit the downside in futures prices
in the very near term. Bulls and bears are 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 $10.40 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 $10.08 3/4 and then at
Tuesday's high of $10.16. First support is seen at Tuesday's low of $9.88 and
then at this week's low of $9.83.

  $15.57 1/2 --- the contract high

  $9.85 1/4 --- 10-day moving average

  $9.97 1/4 --- 20-day moving average

  $9.62 1/2 --- 40-day moving average

  $6.70 
--- the contract low

  DECEMBER SOYBEAN MEAL

  December soybean meal on Tuesday closed weaker and nearer the session low.
Bulls and bears are back 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 Tuesday's high of $305.30.
First support is seen at Tuesday's  low of $294.10 and then at $290.00.

  $399.00 --- contract high

  $293.00 --- 10-day moving average

  $300.10 --- 20-day moving average

  $292.80 --- 40-day moving average

  $203.30 --- the contract low

  DECEMBER SOYBEAN OIL

  December soybean oil on Tuesday 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 37.50 cents and then at this week's high  of
37.94 cents. First support is seen at 37.00 cents and then at 36.50  cents.

  70.00 --- the contract high

  37.32 --- 10-day moving average

  37.21 --- 20-day moving average

  36.01 --- 40-day moving average

  30.00 --- the contract low

  -By Jim Wyckoff, contributing to Dow Jones Newswires