Core Viewpoint - December soybean meal futures are presenting a value-buying opportunity as prices begin to trend higher, supported by technical indicators and market conditions [1][2][3]. Technical Analysis - The daily bar chart indicates that December soybean meal futures prices are starting to trend upward, with a bullish MACD crossover signal occurring as the red MACD line crosses above the blue trigger line [2]. - Historical price data shows that soybean meal prices below $300.00 per ton have historically represented a value-buying opportunity [2]. - A breakout above the resistance level at $290.00 would enhance bullish sentiment and create a further buying opportunity, with an upside price target of $312.00 [4]. Market Fundamentals - The recent rally in the soybean market occurs despite the USDA's report of a large U.S. soybean crop expected to be harvested soon, indicating that traders have already priced in this information [3]. - Improved U.S.-China trade relations are fostering optimism among soybean bulls for increased purchases of U.S. soybeans by China in the upcoming months [3].