Cme soybean futures finished at $12

CME soybean futures finished at $12.22, supported by firm global vegetable oil prices. Soy oil strength has historically correlated to soybean futures rallies, a relationship traders are closely monitoring for cross-market strategies. Sep 25 Soybeans  are at $9.62 3/4, down 8 3/4 cents, Field crops such as corn and soybeans demonstrate seasonality , or regular patterns of supply and demand over the course of the calendar year. In the United States, corn and soybeans are planted in the spring and harvested in the fall, with the specific time of planting and harvest dependent on the particular conditions of the year. CME soybean futures retreated to $12.05, pressured by a stronger U.S. dollar and improved Midwest precipitation forecasts. Global shipping data indicated slower Chinese port activity, slightly cooling sentiment in near-term contracts.