Soybean Price Analysis Expected Scenario Soybean price is currently showing negative trades, attempting to move away from the $1193.10 level. This reinforces the expectations of continuing the bearish trend in the upcoming sessions. Our awaited targets begin at $1164.00 and extend to $1131.40.

The EMA50 forms negative pressure, supporting the suggested negative scenario, which will remain valid unless the price rallies to breach $1193.10 and holds with a daily close above it.

Expected Trading Range Between the support at $1160.00 and the resistance at $1200.00

Trend Forecast: Bearish