About this chart: This is the monthly continuation chart of CBOT soybeans. You can see the important high ($17.84) in June 2022, and the slide to an initial low ($9.36) in August 2024. The next low ($9.45) came in December 2024 at $9.45, then a double bottom (at $9.62) in July and August 2025. Prices opened lower in October and then rallied $1.07 per bushel to the high this week at $11.01.
What does this mean for you: The close this week above resistance at $10.80 projects prices up to test resistance at $12.04, the May 2024 high.