CBOT soybeans may rise into $14.03-$14.19 range

  • A break below $13.56 could cause a drop into $13.09-$13.55 range.
25 Jun, 2021

SINGAPORE: The CBOT soybean July contract may rise into $14.03-$14.19 range, as it has stabilised around a support at $13.56 per bushel.

The stabilisation suggests a partial completion of the fall from the June 22 high of $14.27-1/4 or an extension of the bounce from $13.23-1/2.

A break below $13.56 could cause a drop into $13.09-$13.55 range.

Each reader should consult his or her own professional or other advisers for business, financial or legal advice regarding the products mentioned in the analyses.

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