Soybean Meal January 2024 is heading towards a line of 407.6000. If this movement continues, the price of Soybean Meal January 2024 could test 407.6000 within the next 16 hours. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding.
Soybean Meal January 2024 is approaching 407.6000. We expect either a breakout through this line, or a rebound.
