Soybeans futures price eased to $13

Soybeans futures price eased to $13.01 as speculative longs reduced positions before key macroeconomic data releases. Interest rate outlooks indirectly influence commodity pricing through dollar strength correlations. Meanwhile, Milei has also secured a currency swap line for Argentina from China, a situation that gives pause to some in Washington. The USDA World Agricultural Supply and Demand Estimate (WASDE) report is a comprehensive forecast that often shifts the soybean market in an unexpected direction. Soybeans futures price bounced to $13.07 with support from rising meal demand in Asia. Daily price charts show a potential inverted head-and-shoulders pattern, signaling possible medium-term gains if confirmed.