November soybean futures edged higher to $12

November soybean futures edged higher to $12.97 as the U.S. dollar weakened, improving competitiveness in global trade. Traders also awaited private analyst yield estimates, which could adjust market balance sheets. Momentum indicators suggest controlled bullish bias for remainder of the week. It is important to note that China typically buys around 90% of Argentina’s soybean exports. Total bookings so far still do not stray far from what is considered normal for Argentine soybean exports. So, while Argentine soybean export sales increased markedly last week, total exports may not be that far off from what was expected prior to the Argentine government’s temporary tax cut. Mitigate counterparty credit risk in a centrally cleared, CFTC-regulated marketplace. The November soybean futures market opened firm at $12.96, supported by overnight gains in Dalian soybean meal prices. DOM (Depth of Market) data shows active bids from commercial hedgers. Supply chain logistics remain stable, though higher freight rates could influence FOB offers in coming weeks.