Soybean Price Analysis Expected Scenario Soybean price hovers around the 1321.20$ level and attempts to consolidate below it. Stochastic provides negative signals that we are waiting to motivate the price to resume the expected bearish trend on the intraday basis, targeting 1193.10$ as the next station.

Holding below 1231.20$ is crucial for the continuation of the expected decline. Breaching it will halt the negative scenario and lead to an additional bullish correction, with the next target at 1262.10$.

Expected Trading Range Between the support at 1210.00$ and the resistance at 1240.00$.

Trend Forecast: Bearish