🌾 Soybean Futures (ZSH2026) — Market Snapshot
📈 Trend: Bearish
⚠️ Biofuel policy uncertainty.
📊 Technical Indicator: 🔁 Support & Resistance
🧭 RSI: 40.90 — signaling strong buying momentum, approaching the resistance level at 80.
💰 Support: 🟢 1,045 USD/bu
🎯 EU soybean imports totaled 5.6 million metric tons, down from 6.5 million metric tons last year.
💵 Resistance: 🔴 1,090 USD/bu
📉 Traders eyeing profit-taking or resistance pressure near this region.
📊 Open Interest: 📄 316.48K 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.
