Soybean Price Analysis Expected Scenario The soybean price keeps moving within a tight sideways range, settling around the EMA50. There is no change to the expected bearish trend on the intraday basis, which targets testing $1193.10 initially. Breaking this level will push the price towards $1165.00 as the next negative station. The bearish trend will remain valid unless breaching $1231.20 and holding above it. Expected Trading Range Between $1185.00 support and $1220.00 resistance.

Trend Forecast: Bearish