70.35 bean Oil

[farming101]

Resistance for nearby chart at 70.35 was reached this morning.

[ColevilleH2S]

I found it odd that every other commodity took a pause last week, and bean oil just kept on truckin'

[farming101]

Malaysian Palm Oil futures took out the 2008 high recently

[farming101]

All time high for any month is the Dec 2008 contract.

Hit 74.00 on Mar 4, 2008.
July/21 contract hit 72.13 yesterday

[burnt]

I am anything but a chartist, but in my view, if that daily soybean chart doesn't put up another couple of strong legs soon, it bears a disturbing possibility of a head and shoulders top.

[farming101]

July 73.74 this evening