80
Soybean prices opened today with a notable decline, pushing towards the support line of the bearish channel. This movement suggests a potential continuation of the primary bearish trend, with targets indicating a drop to the $1,000 mark.
Market analysts anticipate further bearish sentiment throughout the day. A breach of the $1,047.40 threshold could signal a reversal in current negative momentum, prompting recovery attempts in the near term.
Today’s expected trading range is set between a support level of $1,015 and a resistance level of $1,145.
Related topics: