Soybean Price Analysis Expected Scenario The soybean price continues its negative trend, nearing our awaited target at 1193.10$. There's potential for further decline beyond this level, with the next target set at 1165.00$.

Our bearish outlook remains valid for the upcoming period, but it's important to note that breaching 1231.20$ will halt the expected decline and could lead to additional bullish correction on the intraday and short-term basis.

Expected Trading Range for Today Between the support at 1180.00$ and the resistance at 1215.00$

Trend Forecast: Bearish