Soybeans first resistance at 896/895 today, of course, but above here re-targets resistance at 900/901and we should struggle here again. However, further gains look likely at some stage this week and if we continue higher today, look for 904/905 then resistance at 907/908. A high for the day expected if we reach this far, but an unexpected break above here targets 915/916. If we continue higher, last week's high at 919/920 could hold a rally again this week.
Failure to beat first resistance at 896/895 risks a retest of support at 890/889. A good chance of a bounce from here again today, but longs need stops below 887. A break lower targets 882/881. We are in fact trying to build a 3 week recovery, but if we cannot hold this support, it looks likely bears will re-take control.