About this chart: This is the monthly continuation chart of CBOT soybeans. You can see the major low ($7.80) in 2019, and the rally to $17.84 in June 2022. Futures turned lower and hit the next major low ($9.36) in August 2024. Futures “based” for one year and finally turned higher in August 2025. The market shows a double-top this year at $12.33.
What does this mean for you: If nearby soybeans can close above $12.33, then the next chart objective is at $14.00.