CBOT soybeans may test support at $12.74-3/4

The CBOT soybean November contract (SX26) may test support at $12.74-3/4 per bushel, with a break below that level potentially leading to $12.66-1/2. The wave pattern suggests a triple-zigzag is developing, with wave 'a' currently unfolding and expected to move significantly below $12.74-3/4.