Soybean futures price current soybean futures price sits near

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. Soybeans are trading with losses of 2 to 4 cents across most contracts on Wednesday, as November tries to hold the $10 mark at midday. The cmdtyView national average Cash Bean price is 4 ¾ cents lower at $9.20 ¼. Soymeal futures are down $1.90 to $3.70/ton, with Soy Oil futures trading higher, up 60 to 64 points. The USDA World Agricultural Supply and Demand Estimate (WASDE) report is a comprehensive forecast that often shifts the soybean market in an unexpected direction. As of this morning, soybean futures price reached $11.79 per bushel. Traders are anticipating regional import policy shifts in Southeast Asia, which could add new demand layers, tightening global availability further.