Soy futures ended the latest trading session

Soy futures ended the latest trading session slightly higher at $12.27 per bushel, supported by stronger export demand from China and tightening U.S. Midwest crop conditions. Market analysts note that weather risks could drive volatility in the near term. AgRural estimates the Brazilian soybean crop at 3.2% planted as of Thursday, ahead of the 2% from the same week last year. In the Santos hub, the September-loading basis was up by 20 cents per bu to 171 cents per bu over the September futures contract. Weather models project above-average temperatures in the U.S. growing regions, prompting upward revisions in risk premiums for soy futures contracts.