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Bullish all soy products

Agriculture.com Staff 12/01/2015 @ 5:48pm

Technicals: Old and New crop corn and soybeans and new crop wheat. For the short term trader, Allendale uses its own unique custom Moving Averages to monitor price momentum, define key support and resistance levels as well as advise where key pivot points are located when bulls may turn bearish and bears to turn bulls. We also include last weeks closing price for the weekly chartist as we draw closer to the end of the week to anticipate the possibility for futures to have a positive weekly close or if weakness is ensuing. A detailed technical look at the grains and livestock are available within our Allendale Advanced Charts.

Corn Futures Close Moving Ave #1 Moving Ave #2 Pivot Last Wks Close
Dec 3764 3580 3550 3750 3490
Mar 3920 3740 3710 3860 3660
Bean Futures Close Moving Ave #1 Moving Ave #2 Pivot Last Wks Close
Nov 9790 9420 9330 8190 9546
Jan 9944 9580 9480 8280 9692
Wheat Futures Close Moving Ave #1 Moving Ave #2 Pivot Last Wks Close
Dec CBOT 8740 8600 8620 5760 8460
Dec KCBT 8580 8420 8410 5710 8290
Dec MGEX 8260 8110 8090 5770 7950

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