About this chart: This is the monthly continuation chart of CBOT Soybean futures. You can see the major highs ($17.80 and $17.90) in 2012 and 2022. From the 2022 high prices moved lower until 2024, when prices bottomed at $9.36. Since that low, prices have been in a broad trading channel between $9.30 and $11.70. The monthly chart does show higher highs and higher lows.
What this means for you: Now a close above $11.70 will project nearby soybean futures up to resistance at the May 2025 high ($12.50).