Soybean prices did not make a new high today, soybeans have been somewhat consolidating over the last 3 days.

The next level of overhead resistance would be a downtrend line that comes into play around the 16.90 level with chart support initially where our moving averages come into play around 16.40. Further chart support down around the $16 level.

Technical signals are dead center in the middle of a neutral range and are pointed upward.