DOW JONES NEWSWIRES

  NOVEMBER SOYBEANS

  November soybeans on Monday closed solidly lower, nearer the session low, and
scored a big and bearish "outside day" down on the daily bar chart. Prices also
saw a bearish downside "breakout" from the sideways trading range of  last
week. Bears have regained the slight near-term technical advantage.

  The next upside price objective for the bean bulls is to push and close
November prices above solid technical resistance at Monday's high of $10.18 3/4
a bushel.

  The next downside price objective for the bears is pushing and  closing
prices below solid technical support at $9.40 a bushel.

  First resistance for November soybeans is seen at $9.90 and then at $10.00.
First support is seen at Monday's low of $9.67 1/4 and then at $9.50.

  $15.57 1/2 --- the contract high

  $ 9.83 3/4 --- 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 Monday closed solidly lower, nearer the session low
and scored a big and bearish "outside day" down on the daily bar chart. Bears
have regained the near-term technical advantage.

  The next upside price objective for the bulls is to produce a close above
solid technical resistance at today's high of $310.00.

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

  First resistance comes in at $300.00 and then at  $305.00. First support is
seen at $295.00 and then at Monday's low of  $293.50.

  $399.00 --- contract high

  $294.00 --- 10-day moving average

  $300.70 --- 20-day moving average

  $291.90 --- 40-day moving average

  $203.30 --- the contract low

  DECEMBER SOYBEAN OIL

  December soybean oil on Monday closed solidly lower, near the session low and
hit a fresh four-week low. Prices also closed at a bearish monthly low close.
Prices are in a three-week-old downtrend on the daily bar chart.

  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 the July low of 32.80 cents.

  First resistance is seen at 36.00 cents and then at 36.50 cents. First
support is seen at Monday's  low of 35.35 cents and then at 35.00 cents.

  70.00 --- the contract high

  36.77 --- 10-day moving average

  37.34 --- 20-day moving average

  36.07 --- 40-day moving average

  30.00 --- the contract low