By Jim Wyckoff

  OF DOW JONES NEWSWIRES


  MARCH SOYBEANS
 March soybeans on Friday closed higher and nearer the session high, hit a
fresh two-week high and closed at a bullish weekly high close. The next upside
price objective for the bean bulls is to push and close prices above solid
technical resistance at the January high of $10.60 1/4 a bushel. The next
downside price objective for the bears is pushing and closing prices below
solid technical support at last week's low of $9.34 1/2 a bushel. First
resistance for March soybeans is seen at Friday's high of $10.07 3/4 and then
at $10.25. First support is seen at $9.87 3/4 and then at Friday's low of $9.76
3/4.

  $16.53 1/2 - the contract high

   $9.75 1/2 - 10-day moving average

   $9.87 1/2 - 20-day moving average

   $9.53 1/2 - 40-day moving average

   $7.79 1/4 - the contract low


  MARCH SOYBEAN MEAL
 March soybean meal on Friday closed solidly higher, nearer the session high,
hit a fresh two-week high and closed at a bullish weekly high close. Bulls have
regained fresh upside near-term technical momentum. The next upside price
objective for the bulls is to produce a close above solid technical resistance
at the January high of $326.00. The next downside price objective for the bears
is pushing and closing prices below solid technical support at this last low of
$297.00. First resistance comes in at Friday's high of $318.60 and then at
$321.50. First support is seen at $314.50 and then at $310.00.

  $434.40 - contract high

  $309.00 - 10-day moving average

  $308.90 - 20-day moving average

  $294.40 - 40-day moving average

  $229.70 - the contract low


  MARCH SOYBEAN OIL
 March soybean oil on Friday closed higher, nearer the session high and closed
at a bullish weekly high close on more short covering in a bear market. Bears
still have the overall near-term technical advantage. Prices are still in a
four-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 35.00 cents. Bean oil bears' next downside technical price
objective is pushing and closing prices below solid technical support at last
week's low of 31.23 cents. First resistance is seen at Friday's high of 33.54
cents and then at 34.00 cents. First support is seen at Friday's low of 32.94
cents and then at 32.50 cents.

  74.18 - the contract high

  32.66 - 10-day moving average

  33.53 - 20-day moving average

  33.14 - 40-day moving average

  28.52 - the contract low