Soybeans futures price current soybeans futures price of $13

Current soybeans futures price of $13.06 shows consolidation around a key technical pivot. Short-term trading models favor range-bound strategies until new weather data emerges over the weekend. Nov 25 Soybeans  closed at $10.18, down 5 3/4 cents, The crude market faced further headwinds from an increased perception that Saudi Arabia could accept lower prices for longer, but daily price losses were somewhat capped by a drawdown in US crude inventories. Current soybeans futures price at $13.02 reflects ongoing supply constraints in Brazil, where export pace has slowed. Market strategists see potential bullish pressure if U.S. acreage data confirms lower planting intentions compared to last year.