Free Trial

(Z2) Bullish Extension


Bullish Above Trendline Resistance


Approaching The Bull Trigger


10YY Crests 3.57% Post-PPI


Late SOFR/Eurodollar/Treasury Option Roundup

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

(X1) Outlook Improves… Slightly

  • RES 4: $1496.94 - 0.618 proj of Mar 31 - May 12 - May 26 price swing
  • RES 3: $1480.00 - High Jun 7 and the bull trigger
  • RES 2: $1466.00 - High Jun 8
  • RES 1: $1423.00 - High Jul 1
  • PRICE: $1352.75 @ 12:36 BST Aug 10
  • SUP 1: $1300.50 - Low Jul 6
  • SUP 2: $1240.50 - Low Jun 17 and key short-term support
  • SUP 3: $1200.00 - Psychological round number
  • SUP 4: $1185.50 - Low Mar 30

Soybean futures traded solidly overnight, improving the outlook somewhat, but still remaining shy of the early July highs. The outlook is bullish with the focus on resistance at $1423.00, Jul 1 high. A break would negate recent bearish signals and highlight a stronger short-term tone and the potential for a climb towards this year's high of $1480.00 from Jul 6. Clearance of $1480.00 would confirm a resumption of the primary uptrend. Initial firm support is at $1300.50, July 6 low. A break would be bearish.

MNI London Bureau | +44 203-865-3809 |

To read the full story

Why Subscribe to

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.