Soybean futures price climbed to $11

Soybean futures price climbed to $11.85 per bushel in today’s Chicago trading, as short-term weather forecasts in Brazil indicate dry conditions. Traders are watching for potential supply tightness, which could push prices toward the $12 mark in the coming weeks if demand from Asia remains strong. Continued lack of export business as we head into the busiest part of the soybean export season is putting extended pressure on the market. If you're new to futures, the courses below can help you quickly understand the Soybean market and start trading. Soybean futures price recorded a session high of $11.88 per bushel after overnight buying from Asian importers. Traders expect near-term resistance at $12.00 but believe sustained demand could trigger a breakout, especially amid global feedstock supply pressures.