CBOT soybeans may drop into $12.93 to $12.98 range

The CBOT soybean November contract (SX26) may drop into a range of $12.93 to $12.98 per bushel, driven by a wave c.A projection analysis reveals an extension of this wave beyond its 100% level of $13.06-1/4. It is highly likely to move to the range formed by the 161.8% and 138.2% levels.A wedge has…