Soybeans Shift $12 to Support on the Back of Crude - Technical Outlook What had been resistance near $12 per bushel of soybeans since 2024 has shifted to support, but on the back of crude oil. My graphic features the same-chart status of the oilseed and WTI crude. Both have surged in 2026 and are top commodities notable for autocorrelation. At 12.78 on Oct. 2, can beans stay in the teens? Crude remaining above $90 a barrel may be a prerequisite for soybean resilience, though I think it unlikely for the pair to stay above these key thresholds, notably due to much lower breakeven costs of production and political motivations. Around $14 is the next good round-number resistance for soybeans, and reversion back toward $12 could be a normal rotation. Staying above $14 may take a poor crop in Brazil and crude staying above $100. Breakeven cost levels are around $10 a bushel and $60 a barrel. Full report on the Bloomberg here: https://blinks.bloomberg.com/news/stories/tm8158kgifpq {BI COMD} #soybeans #crudoil @BBGIntelligence