Soybean Price Analysis Expected Scenario Soybean price provided new negative trades yesterday, nearing the intraday bullish channels support line. Further decline is expected to visit 1131.40$, representing the next main target. The bearish trend is suggested for the intraday and short-term basis, supported by negative pressure from the EMA50. Continued holding below 1193.10$ is a major condition for the expected decline to continue. Expected Trading Range Between 1131.00$ support and 1170.00$ resistance.

Trend Forecast: Bearish