September Soybean Chart

Soybean prices have been choppy going down and up multiple times.

The chart has turned lower over the last couple days which has hooked the technical indicators lower as well.

Soybeans had broken through our 10-20 day moving average and now we have corrected down to that level which should be a good area of support.

We will see if over the next couple days if the level around the $13.50-13.80 can continue to hold.