Soybeans are at a critical level on the Nearby Daily chart.
The purple line is the 200- Day Moving Average.
Notice how the far price was extended from the 200-day?
Notice how buyers are stepping in at that level.
Why is the 200-day significant?
Because there are eyes on it.
Not a few. Â
A lot.
We go into greater detail with multiple timeframes in yesterday's report.
I cover this technical setup and specific price targets in depth in the Klarenbach Grain Report.Â
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Trent Klarenbach, BSA AgEc, PAg, publishes the Klarenbach Grain Report,  Klarenbach Special Crops Report and The Spread Trader newsletters.                                                                                                                                                                                                                                                                                                                                                                                                  Â
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