Soybean Meal JANUARY 2021 is heading towards a price line of 393.5000 and could reach this point within the next 19 hours. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current lines.
A final push expected on Soybean Meal JANUARY 2021 as it starts approaching a price line of 393.5000.
