July Soybean Chart

Soybean prices have also turned lower over the last few days, since the government report last week on Wednesday. Beans have held support at the spike highs from late April at $15.74. Overhead resistance would be at the contract highs at $16.67 with the next level of chart support at the $14.90 level. Weather forecasts will likely be the determining factor as whether soybean prices can hold at this $15.75 going forward.