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Wednesday, August 10, 2022

CBOT soybeans may test support at $14.43

SINGAPORE: The CBOT soybean November contract may test a support at $14.43 per bushel, a break could trigger a drop to $14.26-1/4.

The sudden swing of the price from Thursday’s high of $15.07-3/4 confirmed a completion of the rise from $13.99-1/4.

US MIDDAY: Soybeans rebound

The completion occurred around a key resistance at $15.14.

A break above $14.70 may lead to a gain to $14.92.

CBOT soybeans may test support at .43

Source: Brecorder

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