SOYBEANS to 1.035 bullish trend for Frist Quarter 2025The fundamental factors affecting soybean prices in 2024 have shown mixed developments, with weather conditions and global demand playing crucial roles. For 2025, the direction of prices will depend on China's economic recovery, weather conditions, and agricultural policies in the U.S. under the new Trump administration.
On the technical side, there is an accumulation of positions and manipulation in sell stops at the monthly level. I would like the price to reach the equilibrium of the range in the first quarter of the year; depending on the evolution of the fundamentals, we could even see a value of 1,100. If this idea is invalidated, I would expect prices of at least 927.7.
Monthly chart for context:
