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CBOT soybeans hold $13.04 1/2 to $13.17 1/4 range

CBOT soybean November contract SX26 looks neutral in $13.04 1/2 to $13.17 1/4 per bushel. A break above $13.17 1/4 could target $13.25 1/4 to $13.30.

The CBOT soybean November contract (SX26) looks neutral in a range of $13.04-1/2 to $13.17-1/4 per bushel, and an escape could suggest a direction.A break above $13.17-1/4 may lead to a gain into $13.25-1/4 to $13.30 range.

However, given the completion of a five-wave cycle from $12.16-1/4, the bia…