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NewsSignals AI analysis·Reuters·

CBOT soybeans may test support at $12.12-1/4

Grade Bbearish AI signal$ZS
CBOT January soybeans face potential downside toward $12.12-1/4 per bushel, with a confirmed break below that level potentially opening the way for further losses. Technical analysis points to a downside target of $11.97-1/2 to $12.02-3/4, while the daily chart indicates a possible extension toward $11.86-3/4. A sustained break below support could intensify selling pressure, although a move above $12.21-1/2 may open a recovery toward $12.27-$12.30-1/2.

Bullish strength: 20/100

  • A break above $12.21-1/2 could trigger a recovery toward $12.27-$12.30-1/2.

Bearish strength: 80/100

  • The soybean contract remains in a steady downtrend within a falling channel.
  • A break below $12.12-1/4 could expose the $11.97-1/2 to $12.02-3/4 target zone.
  • Daily chart analysis suggests a possible extension toward $11.86-3/4.

This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.

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