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Upcoming U.S.-China Talks Create 1 Bullish Soybean Trade Here
Yahoo Financeยท 2025-10-28 13:59
Group 1 - March soybean meal futures are showing strong upward trends, recently reaching a 4.5-month high, indicating a potential buying opportunity [1] - The MACD indicator is in a bullish position, with the red line above the blue line and both trending upwards, suggesting continued price strength [1] - A breakout above the resistance level at $310.70 could lead to further price increases, with a target of $335.00, while technical support is identified at $300.00 [3] Group 2 - A forthcoming U.S.-China trade deal is anticipated to significantly boost China's purchases of U.S. soybeans, which is crucial given the current tight global supply and demand for soybeans [2]