DOW JONES NEWSWIRES

  NOVEMBER SOYBEANS

  November soybeans on Wednesday closed weaker and near mid-range. Cooler
weather in the U.S. Corn Belt is still deemed slightly bullish for soybeans.
This and recent China demand for U.S. beans will likely continue 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 Wednesday's high of $10.07
1/2 and then at this week's high of $10.16. First support is seen at
Wednesday's low of $9.88 1/2 and then at this week's low of $9.83.

  $15.57 1/2 --- the contract high

  $ 9.80 1/2 --- 10-day moving average

  $10.01 1/4 --- 20-day moving average

  $ 9.62 3/4 --- 40-day moving average

  $ 6.70 
--- the contract low

  DECEMBER SOYBEAN MEAL

  December soybean meal on Wednesday closed steady and near mid-range. Bulls
and bears are 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 Wednesday's high of $301.50 and then at this
week's high of $305.30. First support is seen at Wednesday's low of $295.20 and
then at this week's low of $292.50.

  $399.00 --- contract high

  $291.60 --- 10-day moving average

  $300.90 --- 20-day moving average

  $292.60 --- 40-day moving average

  $203.30 --- the contract low

  DECEMBER SOYBEAN OIL

  December soybean oil on Wednesday closed weaker 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 Wednesday's high of 37.64 cents and then at this
week's high of 37.94 cents. First support is seen at Wednesday's low  of 36.76
cents and then at 36.50 cents.

  70.00 --- the contract high

  37.11 --- 10-day moving average

  37.37 --- 20-day moving average

  36.03 --- 40-day moving average

  30.00 --- the contract low