Soybeans' uptrend back on track

٣٠ ديسمبر ٢٠٢١

After a 6-month correction, the uptrend resumes with strength and it will retest the 28.8 level again. We are long and we expect a break out on this level as inflation is driving commodity prices higher. Moreover, soybean harvests are expected to be smaller in southern Brazil this season as fields suffer from dryness, which could drive the prices up as well.