Cme soybean futures traded at $12

CME soybean futures traded at $12.12, down 0.25% in thin pre-holiday volumes. Many market pros noted this as a technical pause, with RSI readings near neutral. Attention remains on South American planting decisions impacting 2025 supply. Nov 25 Soybeans  are at $10.42 3/4, up 9 1/4 cents, New crop instruments experience distinct market dynamics from old crop instruments. Extreme summer weather, for example, may impact new crop instruments more dramatically than it does the old crop since it may affect near-term yield. If that weather were to complicate immediate river transportation, however, old crop instruments may react since movement of their underlying physical commodities could be impeded. CME soybean futures gained 0.42% to $12.21 on concerns over potential frost risks affecting late-planted Northern Plains crops. Analysts warn reduced yields could impact September delivery contracts more than longer-term maturities.