Why is Soybean Futures price flat today? Resistance levels in focus

Traders Union
All News
Commodities
Soybean Futures rises 0.97% to USX1,228

Top Stories

Editors' Picks

Stocks

Crypto

Economics

Currencies

Commodities

Business & Wealth

Market Voices

19.08.2026

Why is Soybean Futures price flat today? Resistance levels in focus — Soybean Futures rises 0.97% to USX1,228

Soybean Futures (ZS) is trading at USX1,228.50, gaining 0.97% on the day and closing near the session’s high. The contract holds above its key moving averages, reflecting positive momentum across multiple timeframes.

ZS price prediction

24H -0.04%

1,234¢

48H 0.03%

1,234.88¢

7D 0.3%

1,238.25¢

1M -4.49%

1,179.13¢

3M 4.61%

1,291.36¢

6M 7.91%

1,332.11¢

12M 18.74%

1,465.86¢

Current price: 1,234.5¢ -3.50 0.28%

Closed 10/29

Daily range 1226.50

1238.50

Weekly range 1236.25

1275.25

Loading...

Highlights

ZS/USX maintains a bullish technical structure, trading above short, medium, and long-term moving averages.
Momentum indicators show mixed signals, with prevailing overbought conditions and strong intraday buying pressure.
Price trades at USX1,228, with an expected short-term range of USX1,216 to USX1,240 and a 76% probability of upward movement.

Mixed indicator signals as prices test resistance and show overbought

ZS is trading above the MA-20 at USX1,221, the MA-50 at USX1,213, and the MA-200 at USX1,153, with the immediate support defined at the Ichimoku Kijun, currently at USX1,219. Reviewing indicators: MACD signals a buy bias, but the ADX signals a sell. The RSI stands at 59.02, indicating only modestly bullish conditions. In contrast, Stoch RSI, CCI, and Bull/Bear Power all point to overbought conditions with significant buyer dominance at the intraday level, while the Awesome Oscillator remains neutral.

Consolidation expected as breakout risk intensifies near resistance

In the short term, ZS is expected to consolidate in the USX1,216–USX1,240 band, with a 76% probability of an upward move and only a 24% chance of a pullback. A bullish extension could play out if the contract decisively breaks above USX1,240. Conversely, a drop below USX1,219 support would open a path toward lower pricing scenarios.

Anton Kharitonov, expert at Traders Union, sees Soybean Futures holding positive short-term momentum above key moving averages. He notes mixed signals from indicators, with MACD showing a buy but several oscillators pointing to an overbought market. As technical levels remain crucial, the base case is consolidation within the USX1,216–USX1,240 range. "Until USX1,240 is broken with conviction, I remain cautious on chasing further gains."

Earlier, analysts noted that Soybean Futures had transitioned into a period of short-term bullish consolidation supported by positive technical momentum. The current analysis builds on this by highlighting an increased probability of an upward move within the USX1,216–USX1,240 range, with USX1,240 standing out as a pivotal resistance level to watch for potential breakout-driven gains.

Source of Data: ZS Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.

Did you like the article?

Editor's Picks for You

From PlayStation to crypto: Why Sony is building its own blockchain

By Ksenia Gerey
11 hours ago

From PlayStation to crypto: Why Sony is building its own blockchain

Editors' Picks

Google loses billions: What’s behind Alphabet’s stock crash?

By Oleg Tkachenko
14 hours ago

Google loses billions: What’s behind Alphabet’s stock crash?

Editors' Picks

The end of Bitcoin’s growth era: Why prominent investors doubt its future

By Olena Litvinenko
Yesterday

The end of Bitcoin’s growth era: Why prominent investors doubt its future

Editors' Picks

All Editors' Top Picks

Latest Soybeans News

Soybean Futures price outlook: Sellers dominate with limited chance of recovery

By Dmytro Kharkov
10 hours ago

Soybean Futures price outlook: Sellers dominate with limited chance of recovery

Commodities

#Forecast #Commodities #Soybeans

Bunge tops profit estimates as oilseed crush margins support third-quarter earnings

By Mira Kyivska
11 hours ago

Bunge tops profit estimates as oilseed crush margins support third-quarter earnings

Companies

#USA #Trading #Soybeans

World Bank approves Paraguay logistics project for Itapúa farm exports

By Olga Shendetskaya
Yesterday

World Bank approves Paraguay logistics project for Itapúa farm exports

Financial Institutions

#Transportation #World Bank #Soybeans

All Soybeans News

Ksenia Gerey
11 hours ago

From PlayStation to crypto: Why Sony is building its own blockchain

Oleg Tkachenko
14 hours ago

Google loses billions: What’s behind Alphabet’s stock crash?

Olena Litvinenko
Yesterday

The end of Bitcoin’s growth era: Why prominent investors doubt its future

Eugene Komchuk
Yesterday

WeFi CEO: Banks are overstating the threat from stablecoins

Dmytro Kharkov
Yesterday

HSBC’s warning signs point to a bigger risk for global banks

Ksenia Gerey
6 min ago

Lyn Alden: Higher rates do not always resolve inflation issues

Elena Nikulina
21 min ago

Around $1.8 billion in stablecoins have reportedly been frozen, Simon Dixon notes

Igor Krasulya
25 min ago

U.S. contracts out 40.6 million barrels of crude oil from strategic reserve, Javier Blas notes

Yaroslav Dmytrenko
35 min ago

Max Keiser: Central banker losing fight against fiat currency debasement

Mikhail Vnuchkov
36 min ago

Francis Pouliot: Stablecoin issuers can freeze hacker funds but Bitcoin remains superior

Top News

Pavlo Kot
32 min ago

Binance hit by suspected $6 billion hack in potentially largest crypto attack ever

Binance hit by suspected $6 billion hack in potentially largest crypto attack ever

Hanna Syniavska
7 hours ago

ECB leaves interest rates at 2.5% as inflation pressures persist

ECB leaves interest rates at 2.5% as inflation pressures persist

Eugene Komchuk
7 hours ago

Christine Lagarde announces early resignation as ECB president

Christine Lagarde announces early resignation as ECB president

Olga Shendetskaya
9 hours ago

Brent drops below $110 as Middle East peace talks ease supply concerns

Brent drops below $110 as Middle East peace talks ease supply concerns

Andrey Mastykin
9 hours ago

Nasdaq futures decline as Alphabet sparks tech selloff

Nasdaq futures decline as Alphabet sparks tech selloff

Top 5 companies for you

United States

Live News

Anton Kharitonov
Now

EUR/USD remains in a strong downtrend as ECB decision approaches

Jose Antonio Gastelum
Now

Cardano Foundation expands role in Swiss tokenized securities market

Mykhailo Ihnatenko
Now

Nvidia stock faces $210 risk as Alphabet earnings shake AI sentiment

Pavlo Kot
Now

Visa stablecoin settlement volume surges tenfold to $25 billion

Mykhailo Ihnatenko
Now

Ethereum price faces $2,200 risk as early holder activity and ETF outflows weigh

© IAFT Ltd., 2010-2026 All rights to the website are owned by IAFT Ltd.,
Registration number - HE 336186

Risk disclosure:

Information on the TradersUnion.com website is for informational purposes only and does not constitute any motive or suggestion to visitors to invest money. Moreover, we hereby warn you that trading on the Forex and CFD markets is always a high risk. According to the statistics, 75-89% of customers lose the funds invested and only 11-25% of traders earn a profit. Trading in futures and options carries substantial risk of loss and is not suitable for every investor.

That is why you should only invest money that you are prepared — or can afford — to lose at such high risks. Tradersunion.com does not provide any financial services, including investment or financial advisory services. Also, the Traders Union is not a broker and does not get money for trading in the Forex or CFD markets. Our website only provides information on brokers and the markets and helps its users to select the best brokerage company based on detailed information and objective analysis of brokers.
Disclaimer:

Traders Union (TradersUnion.com) shall not be liable for the consequences of trading decisions made by the Client and for the possible loss of his capital resulting from the use of this website and information published on it.

Forex market, CFD and cryptocurrency trading involves high risks and is not suitable for everyone. Before investing money, you need to adequately assess the level of your expertise and be aware of the risks, particularly in the context of trading with leverage. The information on this website is not intended for distribution or use by any person in any country or jurisdiction, where such distribution or use would be in violation of the local law or regulation. Any payments by Traders Union (TradersUnion.com) to the users of our website shall be legally interpreted solely as an incentive on our part for the activity on the website in the form of a deduction of a part of the advertising income; they shall not be a subject of any claims of our users or our obligations, a subject of disputes, as well as cannot be considered in relation to the services provided to users by brokers, both in fact and in their completeness and volume. The administration of the website shall not be liable for the content of user comments and reviews about the companies and shall not verify whether the authors of the reviews are indeed real clients of a specific company. All reviews, both negative and positive are published on the website without verification of their reliability; only offensive reviews that call for violence or any kind of discrimination and also reviews published from one group of IP addresses are moderated and removed. The authors of the materials shall be fully liable for the accuracy, completeness and impartiality of any information in the articles and reviews, including in the context of their use or mention of any brand names or trademarks. All mentions of the names of companies and their brands in any materials on the website shall be made in the context of communication of socially important information to the people about their activities by independent journalists, who are the authors. All evaluations and indicators on the website express the subjective opinion of the authors of the reviews (articles) and shall not be viewed as accurate statements and be a subject of disputes and claims against Traders Union.
Disclosure of advertisers and revenues:

All the services on the Tradersunion.com website are free for you to use. Our team spends thousands of hours per annum researching brokers and gathering information about them to help investors all over the world to choose reliable companies and to avoid fraudsters.

Indeed, the curating, sourcing, and organization of this process requires substantial financial investment by Tradersunion.com, which the website earns in the form of advertising payments. There are two types of advertising services on the website — direct advertising or partner (broker) participation programs. However, no services purchased by our partners shall affect the recommendations on our website, or our opinions, or ratings. Our ratings are based on our objective rating criteria and methodology; and the results are always equally and fairly applied to each broker. The work of our content authors and research groups does not involve any interaction with our advertisers and they do not have access to data concerning the amount of advertising purchased. For over 10 years we consider our independence, absolute openness, and objectivity as our main priority. Please follow the links to each of our affiliated broker’s websites. This will help Tradersunion.com to continue to provide our services to you for free.