Soybean Price Analysis Expected Scenario Soybean price shows more positive attempts to breach 1231.20$ and settles above it, hinting at heading to achieve additional bullish correction in the upcoming sessions. However, we notice that stochastic loses the positive momentum, potentially putting the price under intraday negative pressure. Therefore, the contradiction between technical factors makes us prefer to stay aside until the price confirms its situation according to the 1231.20$ level, followed by detecting its next destination clearly. Consolidating above 1231.20$ will lead the price to target 1262.10$ as the next positive station, while breaking it and trading below it again will push the price to decline towards 1193.10$ on a near-term basis. Expected Trading Range Between 1220.00$ support and 1250.00$ resistance.

Trend Forecast: Neutral