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On June 14, analysts at Economies have the latest opinion today: CBOT soybean prices rose strongly yesterday, breaking through and stabilizing above 1266.30, moving towards a new bullish correction in the next few trading days, heading for 1311.70 as the next Correction bits paved the way.
Therefore, expect a bullish bias to play out on the charts today, watch out for a break above 1266.30 and a sustained dip below that level to stop the expected upside and push prices back down again.
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The expected trading range today is between 1260.00 support and 1295.00 resistance.
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