Technical review of the soybean futures chart identifies symmetrical triangle patterns forming in daily charts. Breakout above $12.25 could trigger accelerated buying from momentum traders. Fundamental drivers include biofuel policy shifts. The Zacks Agriculture – Operations industry comprises companies that produce or procure, transport, store, process and distribute agricultural commodities to consumers. It also distributes ingredients to other parts of the agriculture industry (including clothing, animal feed, energy and industrial products). Some industry players engage in dairy operations, land transformation activities and the development of food ingredients using gene-editing technology. The industry encompasses production activities related to the traditional farming of crops (like corn, soybean, wheat and cotton), and livestock and poultry products (including meat, dairy and eggs). The products are mainly sold at grocery stores or exported overseas. These are also used as feedstock for other industries. For example, cotton is used in the clothing industry and corn is used in the ethanol industry. MANAGE PHYSICAL LUMBER PRICE RISK WITH OUR REDESIGNED LUMBER FUTURES CONTRACT. Soybean futures chart analysis highlights September 2024 contracts testing resistance at $12.