Soybean Prices Reach Positive Target, With Further Gains Expected

Soybean prices have continued their upward trajectory, reaching the anticipated target of $1028.80. The price has formed a positive pattern, reinforcing the likelihood of surpassing this level and potentially achieving further gains, with a possible target of $1050.00.

As a result, the bullish trend is expected to persist in the coming sessions. However, if the price falls below $1014.00, the anticipated upward movement will be halted, and a downward reversal could occur.

For today, the expected trading range is between the support level of $1015.00 and the resistance level at $1040.00.

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