🌾 Soybean Futures (ZSH2026) — Market Snapshot
📈 Trend: Bearish (Harvesting set to begin at the end of January)
⚠️ Favorable weather in Brazil has lifted forecasts for the 2025/26 soybean crop to over 180 million tons. While Soybean sales to China remain weak
🌍 New Mato Grosso law could increase unverified soybean supply and enable Amazon farmers to expand planting.
📊 Technical Indicator: 🔁 Support & Resistance
🧭 RSI: 39.06 — signaling strong buying momentum.
💰 Support: 🟢 1,045 USD/bu
🎯 Downward revision of US 2025/26 exports to 44.5 million tons, down from 51.2 million tons last season.
💵 Resistance: 🔴 1,090 USD/bu
📉 Traders eyeing profit-taking or resistance pressure near this region.
📊 Open Interest: 📄 367.83K contracts
🪙 Reflects healthy participation — indicating active positioning in the futures market.
🛢️ Future Type: 🌱 Soybean (ZSH2026)
📍 Traded on the Chicago Board of Trade (CBOT) — benchmark for global soybean pricing.
It’s a caution that the information provided is for knowledge purposes only and should not be taken as a recommendation to buy or sell assets.
