December corn futures closed up 7 1/4 cents at $3.89 1/2 yesterday. Prices closed nearer the session high yesterday. The bulls have regained upside technical momentum this week to suggest the uptrend can be restarted. Bulls' next upside price objective is to push and close prices above major psychological resistance at $4.00 a bushel. The next downside price objective for the bears is to push and close prices below solid technical support at this week's low of $3.59 1/4 a bushel. First resistance for December corn is seen at yesterday's high of $3.96 1/2 and then at $4.00. First support is seen at $3.84 and then at $3.80.

Wyckoff's Market Rating: 6.5

Source: VantagePoint Intermarket Analysis Software

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January soybeans closed up 14 cents at $10.12 a bushel yesterday. Prices closed nearer the session high again yesterday. The bean market bulls this week have regained upside technical momentum to suggest the uptrend can be restarted. The next upside technical objective for the bulls is pushing and closing January prices above solid technical resistance at the October high of $10.29 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 $9.62 a bushel. First resistance for January soybeans is seen at yesterday's high of $10.21 and then at $10.29 1/4. First support is seen at $10.00 and then at yesterday's low of $9.87 1/4.

Wyckoff's Market Rating: 6.5.

December soybean meal closed up $4.60 at $307.30 yesterday. Prices closed near mid-range yesterday and hit a fresh nearly three-month high. Meal bulls have regained the near-term technical advantage. The next upside price objective for the bulls is to produce a close above solid technical resistance at the August high of $320.00. The next downside price objective for the bears is pushing and closing prices below solid technical support at last week's low of $285.00. First resistance comes in at $309.00 and then at yesterday's high of $312.50. First support is seen at $305.00 and then at $302.00.

Wyckoff's Market Rating: 6.5.

December bean oil closed up 66 points at 37.45 cents yesterday. Prices closed nearer the session high yesterday. Bean oil bulls have regained the near-term technical advantage. The next upside price objective for the bean oil bulls is pushing and closing prices above solid technical resistance at the October high of 38.76 cents. Bean oil bears' next downside technical price objective is pushing and closing prices below solid technical support at 35.00 cents. First resistance is seen at yesterday's high of 37.79 cents and then at 38.00 cents. First support is seen at 37.00 cents and then at 36.75 cents.

Wyckoff's Market Rating: 6.0

December Chicago SRW wheat closed down 1 cent at $5.15 3/4 yesterday. Prices closed nearer the session high yesterday. Bulls still have the slight near-term technical advantage. The next downside price objective for the bears is pushing and closing prices below solid technical support at $4.80. Bulls' next upside price objective is to push and close December futures prices above solid technical resistance at $5.29 a bushel. First resistance is seen at yesterday's high of $5.20 3/4 and then at $5.25. First support lies at yesterday's low of $5.04 3/4 and then at $5.00.

Wyckoff's Market Rating: 4.5.

December K.C. HRW wheat closed steady at $5.20 yesterday. Prices closed nearer the session high yesterday. Bears still have the slight near-term technical advantage. Bulls' next upside price objective is pushing prices above solid technical resistance at the October high of $5.73. The bears' next downside objective is pushing and closing prices below solid technical support at $4.80. First resistance is seen at yesterday's high of $5.25 and then at $5.30. First support is seen at yesterday's low of $5.09 and then at $5.00.

Wyckoff's Market Rating: 4.5.

December oats closed up 2 3/4 cents at $2.57 yesterday. Prices closed near mid-range yesterday. Bull have the overall near-term technical advantage. Bulls' next upside price objective is pushing and closing prices above solid technical resistance at the October high of $2.68. Bears' next downside price objective is pushing and closing prices below solid technical support at $2.39 1/2. First resistance lies at yesterday's high of $2.60 and then at this week's high of $2.61. First support is seen at $2.55 and then at $2.53.

Wyckoff's Market Rating: 6.0.