Soybeans: Price did not reverse during the first 2 trading sessions of the past week but made a lower low instead which made us decide to abandon our bull scenario for now. Instead we are now looking for a further loss of value of another 10-12% before the run up is to be expected. Price did make a solid move to the upside of 2.5% during Friday's session which indicates further increase on very short term (Monday/Tuesday next) after which we expect price to resume its move to the downside and start looking for the 900 level. If and when price breaks the 1060/1065 level to the upside we will pull our previous bull scenario out of the drawer again but for now we keep the eye to the downside.