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Support line breached by Soybean Meal SEPTEMBER 2021. This price has been tested at least twice before.

Soybean Meal SEPTEMBER 2021 has broken through the support line which it has tested twice in the past. We have seen it retrace from this position before, so one should wait for confirmation of the breakout before trading. If this new trend persists, a target line of around 348.2117 can be expected within the next 2 days.

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We expect SB to trend downwards today with a 75% chance.

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We expect a $0 movement on 6M within 48 hours following the release of Inflation Rate YoY.

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