Soybean prices also very disappointing making a new low for the move down to 12.88.

The good news in soybeans is they turned around and closed at 13.15 that’s 27 cents above the daily low.

That was enough to start hooking our technical, but if you look technical indicators are down and up repeatedly.

Todays move to 12.88 is a top of a consolidation area that we saw that goes back many months from about the 12.25-13 level.

That is the target that many chart watchers are probably analyzing if we can get down a little lower on the current break.