July Soybean Chart

Soybean prices have been stuck in a range for the most part, that range has been from about 16.25-17 over the past few months.

Soybeans have overhead up in the 17.34-17.41 range, chart support down in the 16.30-16.55 range.

Anything within this range appears to be fair game in the near term as prices have run into some overhead resistance but are still in a long-term uptrend.