TECHNICALS-CBOT soybeans may fall into $10.44 to $10.51-1/4 range
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The CBOT soybean March contract may break support at $10.57-3⁄4 per bushel, potentially falling into the $10.44 to $10.51-1⁄4 range. The downtrend is steady within a falling channel, targeting $10.39-1⁄2. Immediate resistance is at $10.62-3⁄4, with a potential gain capped at $10.70. The market may stabilize around the strong support at $10.51 before bouncing back.
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