Soybean Prices Forecasted to Remain Bearish Amid Intraday Trends

Soybean prices continue to trend within a bearish intraday channel, reinforcing expectations of a sustained downward movement. A crucial point to watch is the $1010.00 level; a break below this threshold would likely facilitate a decline toward initial targets of $990.00 and subsequently $960.30. This bearish outlook will persist unless prices climb above $1028.80 and maintain this level.

For today, the anticipated trading range is between $990.00 support and $1020.00 resistance.

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