# CBOT weekly outlook: Soy faces bullish charts, bearish fundamentals - Grainews

> Soybean futures at the CBOT posted solid gains over the past month on Argentine weather concerns. Analysts see technical upside toward $10.80 and $12 per bushel, but say fundamentals are weakening as Brazil's crop grows and spring acreage competition with corn looms.

- Date: 2018-02-21 · published 2018-02-21T12:00:00.000Z
- Category: market · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/66528-cbot-weekly-outlook-soy-faces-bullish-charts-bearish-fundamentals-grainews
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Technical strength is offset by bearish fundamentals such as larger Brazilian supply and high old-crop stocks, so soybean and meal prices may be vulnerable to a spring selloff despite the rally.

## Read by commodity

- SBM: neutral
- SOY: neutral

## Sources

- grainews.ca: https://www.grainews.ca/daily/cbot-weekly-outlook-soy-faces-bullish-charts-bearish-fundamentals/

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.