A final push expected on Soybean Meal JANUARY 2020 as it starts approaching a price line of 305.2000.

Soybean Meal JANUARY 2020 is heading towards a price line of 305.2000 and could reach this point within the next 3 days. 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.