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Soybean prices have broken through the $1,000 level, settling above it and indicating potential for further gains in the coming sessions. Analysts are now eyeing a target of $1,028.80 as the next key milestone.
Market expectations suggest that the upward trend is likely to continue in the near future. However, a break below the $1,000 mark could reignite bearish momentum, with the next major support level at $960.30.
For today’s trading, the anticipated range is between $990.00 for support and $1,028.00 for resistance.
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