Soybean futures held firm despite broader commodity

Soybean futures held firm despite broader commodity weakness, as USDA reported stronger domestic crush rates. The July contract steadied at $13.33, with market chatter suggesting end-users may secure additional forward contracts ahead of summer volatility. "The Soybean Farmers of our Country are being hurt because China is, for 'negotiating' reasons only, not buying," Trump wrote on Truth Social on Wednesday. He said soybeans would be a major topic of discussion when he meets with Chinese President Xi Jinping in four weeks. CME Group is the world’s leading derivatives marketplace. The company is comprised of four Designated Contract Markets (DCMs). Further information on each exchange's rules and product listings can be found by clicking on the links to CME , CBOT , NYMEX and COMEX . Soybean futures extended gains in early trading, with the March contract up 0.8% to $13.09 per bushel, driven by strong Chinese import demand and limited Brazilian supply due to excessive rainfall in Mato Grosso. Analysts note that technical momentum remains bullish above $12.90 support.