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Soybean prices have fallen below $1,015.60, hitting the anticipated target of $1,000. The current bearish trend is expected to persist, potentially pushing prices further down to $988. The EMA50 supports this negative outlook, with the bearish trend remaining valid as long as prices stay below $1,016.
For today, the trading range is forecasted between a support level of $985 and resistance at $1,015.
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Best 5 Ways To Read Soybean Futures Prices