Soybean Meal JANUARY 2023 is moving towards a line of 407.8000 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If Soybean Meal JANUARY 2023 continues in its current trajectory, we may see it move towards 407.8000 within the next 16 hours.
Important price line being approached by Soybean Meal JANUARY 2023. This price has been tested numerous times before.
