Mixed sentiment sees the Soybeans future ending the day broadly flat; establishes tight $1,460.25 to $1,468.25 range

Soybeans trades at $1,466.5 per bushel, after ending yesterday at $1,461.75.

Trend and momentum analysis indicates that 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 $1,537 and the lower is $1,457.

With market volatility ebbing, the current technical outlook indicates the Soybeans future will remain range-bound for the immediate future.

Meanwhile, mixed performances are seen in other Grains as Corn trades around $632.25, with no major change.

Moreover, United States Crude Oil Inventories is projected to outperform its last figure with -1.3 million. It previously stood at -3.74 million; data will be released tomorrow at 14:30 UTC. United States Consumer Price Index figure is projected at 0.2%. It previously stood at 0.4%; data will be released tomorrow at 12:30 UTC. United States Core Consumer Prices figure is projected at 0.4%. It previously stood at 0.5%; data will be released tomorrow at 12:30 UTC.

Trading mostly sideways for a month. CME Soybeans is now trading 16.32% below the significant high of $1,746.75 it set around 10 months ago.