Current soybean futures price sits near $11.78 per bushel, with momentum building on concerns about U.S. crop yields amid delayed planting. Hedge funds have increased long positions, signaling market optimism that prices could break $12 if export numbers exceed projections. He urged President Trump to take action and prioritize soybean producers. At origin, the Brazilian FOB Paranaguá paper market basis for August loading was 18 cents per bu higher at 143 cents per bu over the August CME futures contract. Current movements put soybean futures price at $11.83 per bushel, with daily charts suggesting a consolidation phase. Analysts expect a potential breakout if speculative funds push volume higher ahead of the end-of-month contracts rollover.
