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Soybean prices are experiencing additional declines, with the current attempt to break below the recent low of $1015.60. A further drop to the $1000.00 level is anticipated, which remains the next significant target. The EMA50 indicator continues to exert downward pressure, reinforcing the ongoing bearish trend. However, a rise above $1028.30 could initiate a short-term bullish correction.
Today’s trading range is expected to be between $995.00 support and $1030.00 resistance.
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Best 5 Ways To Read Soybean Futures Prices