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Today, soybean prices have started with notable negativity, challenging the support line of a bearish channel and aiming to confirm a breakout. This move indicates a potential continuation of the primary bearish trend, with targets set to breach the $1000.00 barrier.
Consequently, a bearish bias is expected for the intraday period, with attention focused on whether the price can breach the $1047.40 mark to alleviate current downward pressures and potentially initiate recovery attempts.
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The anticipated trading range for today is between support at $1015.00 and resistance at $1145.00.
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Trend Forecast: Bearish
