Soybean prices were pushing towards the upper end of the range last week, pushing down towards chart support yesterday, and we did rebound today but still somewhat closer to the low range.
We are still within the same range that has encompassed the trade in the last month.
Technical indicators rallied last week and then fell this week and now we are still in somewhat of a neutral range where we spent most of the time over the past month.
Again, the market is waiting for fresh input to drive direction.