Slippy? Focus September Soybeans

John LunneyGeneral Commentary

September Soybeans

     Beans can’t get anything going on the upside as they fail to climb above the 935 level spoke of in yesterday’s posting. Contract steadily slides lower throughout session to targeted first tier support target at +/- 920 as they hold up just above at 920.2 to settle at 921.6. Hard to make a case for this area holding up. Only a rise above 934 would accomplish this. Further pressure from here should send prices as low as 905-903. Fortifying 934 should setup further gains targeting +/-950.