Based on the current range of 7.76 1/4 to 10.46 1/2, the January Soybean market appears to be set-up for a break back to 9.11 1/2 to 8.79 1/2.

The recent run-up in the soybean market was triggered by demand caused by the weaker Dollar.  Now that the Dollar is strengthening and investors are shifting out of higher risk assets, January Soybeans are set up for a sharp decline.