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Soybean Weekly Forecast

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This/Next Week Forecast (November 23 – 27, 2020)

Uptrend scenario

The uptrend may be expected to continue, while market is trading above support level 1180, which will be followed by reaching resistance level 1207 and 1265.

Downtrend scenario

An downtrend will start as soon, as the market drops below support level 1161, which will be followed by moving down to support level 1063.

Chart Soybean This/Next Week Forecast, Technical Analysis

previous week soybean price forecast

Chart Soybean This/Next Week Forecast, Technical Analysis

Fundamental Analysis

Difference between supply and demand shows fair price on the level 1180 – 1260.

Chart Soybean Ending Stocks, Inventory

Monthly Forecast

Uptrend scenario

The uptrend may be expected to continue, while market is trading above support level 1063, which will be followed by reaching resistance level 1180.

Downtrend scenario

An downtrend will start as soon, as the market drops below support level 1046, which will be followed by moving down to support level 1000 and 940.

Chart Soybean Forecast 2020, Long-term Outlook, Technical Analysisok

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