2024.07.15 Market Update - Soybeans

Removing the Guesswork

July 15th, 2024

Soybeans reached our price target published in July 2023.

Readers will remember that our Head & Shoulders measured the move price target of 1044, published in July 2023, when soybeans were trading above $14.

Remember this is a minimum price target, and lower prices are common.

Zooming out, we can see that numerous times, the range of 800 to 1040ish level has acted as resistance and, more recently, support.

Previous resistance often acts as support.

Will 1040 bring in buyers?

Or will we see soybean prices with an 8 in front of it?

or to participate.