Tech Guy Soybean Chart Update: 5/24/26

The soybean daily continuation chart remains with an uptrend in tact. After breaking up higher out of the trading range a few weeks ago, prices continue to remain above the upper breakout level. The previous sideways range was roughly from 1145.0 to 1180.0. A week ago Friday, the traders sold it down into this area briefly, but strong buying confirmed this support area between 1180.0 to 1171.0.

I realize the grains often top out around these current calendar dates, at least temporarily, but the chart has definitely NOT confirmed any highs have set in, yet. On the hourly chart(not shown), last Sunday night gapped higher then sold off to a low 30 minutes into the session. At this point the bulls stepped in to shore in this low. Last Thursday, the trade tested this low where the buyers continued to defend.

Back to the daily - current lower support is about 1171.0, and upper targets are highlighted with the red horizontal lines representing old highs and another gap. The next 2 higher levels are approximately 1258.0 and 1297.0.

Please study the soybean chart and marked levels below.

World Supply of Cattle:

Cattle are the world’s third largest agricultural product. With one billion head, cattle farming, supporting both beef and dairy industries, is a cornerstone of global agriculture. Only ruminants can produce high quality protein on land unable to grow any edible other crops. The United States, Brazil, and India are leaders in cattle populations.

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