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NewsCommodities

TECHNICALS-CBOT soybeans may retest support at $11.92-1/4

ReutersMar 16, 2026 2:43 AM

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SINGAPORE, March 16 (Reuters) - The CBOT soybean May contract SK26 may retest a support at $11.92-1/4 per bushel, a break below could trigger a fall into the $11.78 to $11.86-1/4 range.

Following its steep drop from $12.33-3/4 on March 8, the contract briefly collapsed on Monday. The frequent dips suggest a reversal of the uptrend.

Resistance is at $12.08-1/4, a break above which may lead to a gain into $12.15-1/4 to $12.24-1/4.

Wang Tao is a Reuters market analyst for commodities and energy technicals. Views expressed are his own.

No information in this analysis should be considered as being business, financial, or legal advice. Each reader should consult their own professional or other advisers for business, financial, or legal advice regarding the products mentioned in the analyses.

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

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