Soybean Price Analysis Expected Scenario The Soybean price resumed its negative trading strongly, surpassing our awaited target at 1131.40$ and confirming the continuation of the bearish trend domination. It is organized inside the bearish channel visible on the chart, supporting the chances of heading towards our next negative target at 1100.00$. Therefore, we will continue to suggest the bearish trend for the upcoming period. Note that breaching 1131.40$ followed by 1142.50$ levels will stop the bearish wave and lead the price to start a bullish correction on the intraday basis. Expected Trading Range Between 1100.00$ support and 1130.00$ resistance.

Trend Forecast: Bearish