By Jim Wyckoff

  DOW JONES NEWSWIRES


  NOVEMBER SOYBEANS


  November soybeans on Friday closed lower and nearer the session low. Bulls
faded to end the week after the big spurt higher in prices on Tuesday. Bears
still have the overall 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 last week's high of $9.77 3/4 a bushel. The  next
downside price objective for the bears is pushing and closing prices  below
solid technical support at $9.00 a bushel. First resistance for  November
soybeans is seen at $9.50 and then at Friday's high of $9.58. First  support is
seen at Friday's low of $9.36 and then at $9.28 1/4.
$15.57 1/2 --- the contract high
$9.33 
--- 10-day moving average
$9.57 
--- 20-day moving average
$9.71 1/2 --- 40-day moving average
$6.70 
--- the contract low


  DECEMBER SOYBEAN MEAL


  December soybean meal on Friday closed lower and near the session low. Bulls
faded to end the week. Bears have the overall near-term technical advantage  in
meal. The next upside price objective for the bulls is to produce a close
above solid technical resistance at last week's high of $298.80. The next
downside price objective for the bears is pushing and closing prices below
solid technical support at the September low of $273.00. First resistance
comes in at $287.50 and then at $290.00. First support is seen at $282.50  and
then at $280.00.
$399.00 --- contract high
$286.10 --- 10-day moving average
$290.90 --- 20-day moving average
$294.30 --- 40-day moving average
$203.30 --- the contract low


   DECEMBER SOYBEAN OIL


  December soybean oil on Friday closed firmer and near mid-range. Price
action Friday did produce a bullish weekly high close. Bean oil prices are
still in a five-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 last week's high of 36.19 cents. Bean oil  bears'
next downside technical price objective is pushing and closing prices  below
solid technical support at the September low of 33.45 cents. First  resistance
is seen at Friday's high of 35.68 cents and then at 36.00 cents.  First support
is seen at Friday's low of 34.75 cents and then at 34.50  cents.


  70.00 --- the contract high

  34.49 --- 10-day moving average

  35.37 --- 20-day moving average

  36.08 --- 40-day moving average

  30.00 --- the contract low