Soybean Weekly Forecast

This/Next Week  Forecast (March 29 – April 2, 2021)

Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 1390, which will be followed by reaching resistance level 1436.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 1390, which will be followed by moving down to support level 1337.

Chart Soybean This/Next Week Forecast, Technical Analysis

previous week forecast
Chart Soybean This/Next Week Forecast, Technical Analysis

Fundamental Analysis

Difference between supply and demand shows fair price on the level 1380.

Chart Soybean Ending Stocks, Inventory

Monthly Forecast, March 2021

Uptrend scenario
The uptrend may be expected to continue in case the market rises above resistance level 1390, which will be followed by reaching resistance level 1462 – 1510.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 1298, which will be followed by moving down to support level 1180.

Chart Soybean Forecast 2020, Long-term Outlook, Technical Analysisok

previous month forecast

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