After four days of going down, the Soybeans future is flat today, hovering around $1,490

CME Soybeans trades at $1,490 per bushel, after ending yesterday at $1,491.25.

United States Consumer Price Index is next today at 12:30 UTC.

The Soybeans future's state is reflected by market data as United States Participation Rate (Feb) released yesterday at 13:30 UTC with a figure of 118.3, while the previous figure was 62.4.

Concerning technical analysis and more specifically, trend indicators, the Commodity Channel Index (CCI) indicator is below -100, meaning the market price is unusually low and below its rolling moving average. Technical analysis indicates that a new, strong downtrend could be forthcoming with short positions favored. According to asset volatility analysis, Soybeans's upper Bollinger Band® is at $1,547.7 and the lower is $1,483.65.

Overall, technical indicators suggest the Soybeans future has no obvious direction for the immediate future.

Meanwhile, mixed performances are seen in other Grains as having closed the previous session at $16.67, Rough Rice is up 1.08% today to currently trade at around $16.85.

Data to be released later is expected to clarify investor sentiment while boosting price action volatility as United States Retail Sales expected to decline to -0.3% while its preceding data was 3%, data will be available tomorrow at 12:30 UTC. Tomorrow at 12:30 UTC data for United States Core Retail Sales will be released, with an expected decline to -0.1% from the preceding figure of 2.3%. Tomorrow at 12:30 UTC data for United States Producer Price Index will be released, with an expected decline to 0.3% from the preceding figure of 0.7%.

Trading mostly sideways for 5 months. Approximately 9 months ago, CME Soybeans reached a significant high of $1,746.75 but has struggled to hold onto its gains and declined 14.63% since then.