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