🌾 Soybean Futures (ZS1) — Market Snapshot 🌾
📈 Trend: Downward — 🌟 16-Month High!
⚠️ Speculative Rally though fundamental are still weak.
📊 Technical Indicator: 🔁 Range Bound
🧭 Price hovering under range bound.
💰 Support: 🟢 1,078 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: 🔴 1,138 USD/bu
📉 Traders eyeing profit-taking or resistance pressure near this region.
📊 Open Interest: 📄 384.55K contracts
🪙 Reflects healthy participation — indicating active positioning in the futures market.
🛢️ Future Type: 🌱 Soybean (ZS1)
📍 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.
The Agri-Crop editorial team comprises commodity market analysts, rice trade specialists, and agriculture industry professionals based in Pakistan. We track daily price movements, export data, and policy developments across Pakistan’s key agricultural sectors.
