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A Barchart analyst says September soybean meal futures have traded sideways for a month and sees a possible base forming. He identifies resistance at $305 per ton and support at $294.30, and notes the US-China tariff pause could boost US soybean exports to China.
Routine technical commentary on meal futures; the cited trade thaw is a supportive but secondary factor for meal prices.
barchart.comJim WyckoffMay 12, 2025Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
