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The price of CBOT soybeans fell again yesterday, reaching the 1240.00 area, reinforcing expectations for a bearish trend in the next few trading days. Our next major target is expected to be 1200.00. The stochastic indicator has lost its clear bullish momentum, supporting the continuation of the expected bearish trend unless prices break through and remain above 1274.00. Today’s expected trading range is between support at 1230.00 and resistance at 1275.00.
