Soybean prices continue an uptrend, we made a new high earlier today up to 17.23 on the July contract.

We have now taken out the spike highs from late March and the next target would be the contract highs at 17.41 which aren’t too far away.

If we cannot get bullish news and the market sees a setback, chart support is likely to come in to play in the 16.50-16.60 range.