CBOT soybeans may fall into $12.86-1/4 to $12.90-3/4 range

CBOT soybean November contract (SX26) may fall into a range of $12.86-1/4 to $12.90-3/4 per bushel, following its failure to break a resistance at $13.03-1/2.The bounce from $12.79-1/4 appears to be against the fall from $13.27-1/2, as both the 23.6% and the 50% retracements worked effectively.The…