Soybeans made it as far as our target and resistance at 1434/35. Prices topped exactly here and collapsed to the 1403/01 support. Direction for today is tough to forecast but failure to beat 1425/27 should keeps the market under pressure for 1413 then a retest of 1403/01. Below here risks a retest of the low last week at 1394/93 for a buying opportunity.
Above 1425/27 is more positive for today and could retest 1434/35. If prices continue higher look for a selling opportunity at resistance of 1445/48 and a very good chance of a high for the day.