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CBOT Soybean Prices Continue to Decline, Breaking below our initial extended target of 1290.00, putting pressure on the support line of the bearish channel, strengthening the likelihood of further bearishness in the coming trading days, and indicating our next target at 1270.00. The EMA50 continues to exert negative pressure on the price, supporting the continuation of the suggested bearish wave, which remains valid as long as the price remains below 1318.20. Today’s expected support level is at 1270.00, with resistance at 1305.00.
