2019 2020 2021 Soybean Futures prices Long-term forecast, up to 1200, CME CBOT: ZS
I said it would be better to be interested in grain. Grain has not begun to start upward trend yet. Preparations are almost finished for the upward trend. If the price falls, it would be better to look for buying opportunities.
Corn and wheat look good. Soybean looks better. For Soybean, 915 is a very important price level and it broke through that line. Resistances will be 1006 and 1060. If the prices take 1000 line fully, it will be a sign of a big rise. Of course, it will take some time. In that case, the first target price could be 1200. If the price falls, it will be a buying opportunity.
[Soybean Futures prices monthly chart]
Corn and wheat look good. Soybean looks better. For Soybean, 915 is a very important price level and it broke through that line. Resistances will be 1006 and 1060. If the prices take 1000 line fully, it will be a sign of a big rise. Of course, it will take some time. In that case, the first target price could be 1200. If the price falls, it will be a buying opportunity.
[Soybean Futures prices monthly chart]