Soybean Prices Struggle to Maintain Momentum Above $1,000

Soybean prices have struggled to sustain their position above the $1,000 mark, leading to a downturn in trading activity. The market is now trending negatively, with projections indicating a potential decline towards the recently recorded low of $960.30.

As a result, a bearish outlook is advised for today, contingent on the price remaining below the $1,000 threshold.

Traders can expect a trading range today between the support level of $975.00 and the resistance level at $1,000.

Related topic:

Best 5 Ways To Read Soybean Futures Prices

5 Things To Know Before Trading Soybean Futures

How Do Agricultural Futures Work?