Soybean prices are expected to rise due to weather conditions and investor interest.

November soybean futures (ZSX25) are a buying opportunity as prices rebounded from a late-June low, indicating a market bottom. Better risk appetite and speculative buying in grain futures reflect investor interest. Hotter temperatures and less rainfall in the Midwest may impact crop growth, leading to potential price increases in soybean futures. Technical analysis suggests a move above $10.55 could lead to further gains, with an upside target of $11.15. It is important to note that trading futures involves risk and requires careful consideration of financial resources. Jim Wyckoff did not have any positions in mentioned securities.

Read more at Yahoo Finance: How Much Higher Can Soybean Prices Go From Here?