🌾 Soybean Futures (ZSF2026) — Market Snapshot
📈 Trend: Bearish
⚠️ Uncertainty over Chinese demand, Soybean sales to China have reached roughly to 2.7 million tons, well short of the 12-million-ton target.
📊 Technical Indicator: 🔁 Support & Resistance
🧭 RSI: 22.78 — signaling strong buying momentum, approaching the resistance level at 80.
💰 Support: 🟢 1,061 USD/bu
🎯 Remain cautious: U.S. soybeans still face a 13% Chinese tariff, compared with only 3% for Brazilian beans — a factor limiting upside momentum.
💵 Resistance: 🔴 1,162 USD/bu
📉 Traders eyeing profit-taking or resistance pressure near this region.
📊 Open Interest: 📄 234.63K contracts
🪙 Reflects healthy participation — indicating active positioning in the futures market.
🛢️ Future Type: 🌱 Soybean (ZSF2026)
📍 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.
