March soybean futures traded near $12.14 per bushel today, holding steady after last week’s pullback. Analysts note that strong Brazilian harvest forecasts are pressuring prices, while U.S. export sales remain a key short-term driver. Traders are eyeing USDA supply-and-demand updates for fresh direction. Republicans including Vice President JD Vance said that negotiations on health care subsidies, a key Democratic demand, would happen only if Congress first passes a government funding bill. Analysts are still quick to write about fears that President Trump’s tariff threats will hurt ag exports. The only definite Trump news that I noticed this week, however, was that he is wanting to see E-15 sold year-round. That would be good news for farmers, who would see a lot of E-10 pumps converted. March soybean futures volume has tapered off in recent days, reflecting a wait-and-see approach among speculators. Many are positioning for volatility spikes linked to upcoming South American harvest logistics updates.