The SOYBEAN price forecast in our December 27, 2019 technical analysis was bullish

Market analysis after #C-SOYB, Daily December 27, 2019 technical analysis still indicate bullish bias.

• US production decreased from 120.52 million metric tons in 2018 to 96.62 million metric tons in the FY 2019/2020.
• US soybean production area has decreased from 35.45 million hectares in 2018 to 30.61 million hectares in 2019/20.

Here is what indicators show as of January 8, 2020:

• The Parabolic Indicator gives a bearish signal.
• TheDonchian channel indicates no trend yet: it is flat.
• The MACD indicator gives a bearish signal.
• The Stochastic indicator is down but has not breached into oversold zone.
• The Fractals give bullish signal.
• The MA(200) indicator gives a bullish signal.

So the bullish forecast still stands for the #C-SOYB,Daily .

According to USDA.