CBOT soybeans may retest a support of $12.94-3/4
CBOT soybean November contract (SX26) may retest a support of $12.94-3/4 per bushel, a break below could open the way toward $12.70.A five-wave cycle from $11.65 is presumed to have completed at $13.35. A retracement analysis on the cycle reveals a wide target zone of $12.29-3/4 to $12.70, formed b…