Wednesday, January 2, 2008

Another new high as soybeans move higher still


Soybean prices have hit another new high as soybean prices and fresh buying move higher in the new year. The soybean bull is healthy and vigorous!

As can be observed in this chart, soybeans prices have risen so much today that they are nearing lock limit up, as shown by the gray-colored line just above the candlesticks in the chart.