There is no mystery about the major (long-term) trend on this monthly chart for the cmdty National Soybean Price Index (NSPI, weighted national average cash price). It remains down following the bearish spike reversal this past May, a move that has seen the NSPI already retrace 50% of its previous uptrend from $7.07 (May 2019) through the high of $16.77 (May 2021). At some point the NSPI should see a secondary (intermediate-term) uptrend, a move that would be Wave B (second wave) of the major 3-wave downtrend pattern, before Wave C possibly leads to a test of the next downside target near $10.77. Seasonally the NSPI tends to post a secondary uptrend through the first weekly close of April.