Soybean Price Analysis Expected Scenario Soybean price provided positive trades yesterday to breach 1231.20$ level, but it returns to decline by todays open and moves below the mentioned level, to keep the bearish trend scenario active for the upcoming period, supported by stochastic negativity that appears clearly now, waiting to visit 1193.10$ as a next main target. Breaking 1222.00$ will ease the mission to achieve the suggested target, while breaching 1231.20$ represents positive factor that will push the price to recover and achieve new gains that reach 1262.10$. Expected Trading Range Between 1200.00$ support and 1245.00$ resistance.

Trend Forecast: Bearish