July Soybean Chart

Soybeans are also in an uptrend off the lows from about a week and a half ago. Technical indicators also pointed upward and again we see no sign of topping action, at least not yet in the soybean market either. But please also keep in mind that chart and technical indicators are not going to be the primary driver like they can be at other times of the year but the weather forecast and precipitation totals on a day to day basis are going to be the primary driver of grain price direction.