Soybean prices continue to climb as the wet fall continues across the continent.
Grain Farmers of Ontario analyst Marty Hibbs says prices have now exceeded the resistance level on the November contract of 10 dollars.
Hibbs feels producers could still see even more upside as the switch is made to the January contract.
As for now, support is still at the $9.25 level while overhead resistance has been pushed to $10.35.
Corn prices have somewhat hovered for the last week but the analyst still expects a move towards the $3.70 or $3.80 level.
He notes prices are usually firm in November before going softer in December.
Short term indicators for corn are positive but the main trend is still down.
Hibbs adds wheat prices will likely not track too far towards the upside for the next few weeks.
He says it'll take some closing above the $4.25 ceiling before the target of $4.40 can be considered.
The analyst concludes if $4.40 is reached on the December contract, that'd be a good spot for those looking to sell wheat.
