SOYBEANS - The unspoken market that is set to soarSoybean FuturesCBOT_DL:ZS1!TimonrossoSoybeans are beginning to show renewed bullish momentum as weather risks, global food demand and biofuel trends continue supporting agricultural commodities. Technically, the market is breaking higher from a strong continuation structure while remaining above key moving averages. Agricultural markets can move aggressively when supply concerns and technical momentum align together. 🌍 Fundamentals Global Food Demand Soybeans remain one of the world’s most important food and animal feed commodities. Biofuel Demand Soybean oil demand continues growing because of renewable diesel and biofuel production. China Demand China remains one of the world’s biggest soybean importers. Supply Concerns Lower crop yields or export disruptions can quickly tighten global inventories. 📈 Technicals Cup and Handle Formation Soybeans appear to be forming a bullish cup and handle continuation pattern. Above the 20 & 200MA Price remains above major moving averages, supporting the bullish structure. Breakout Attempt The market is attempting to break above recent resistance levels. Higher Lows Buyers continue stepping in on pullbacks, showing improving momentum. Target Projection The measured move projects a potential upside target near: 🎯 $13.62 ⚠️ Important Note About Soybean Pricing Soybean futures are priced differently from stocks or forex. The number: 12286 usually means: 1228.6 cents per bushel or $12.28 A: Bushel = a farming measurement unit 100 points = 1 cent movement in many futures quotes So: 12286 ≈ $12.286 per bushel 1362 target ≈ about $13.62 per bushel