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Jumping beans

While soybeans have already rallied impressively, there should be more gains to come
August 7, 2012

Soybeans are positively bouncy right now, having recently exceeded their 2008 peak, says Philip Allwright at www.sevendaysahead.com.

In order to maintain this uptrend, any dip needs to hold above 1317.50. The projected target for soybeans lies at 2041, and there is little sign of the bulls becoming fatigued quite yet.