Soybean Futures Regain Focus as Macro Forces and Trade Flows Shift

Soybean futures have transitioned from a prolonged rotational environment into a more directional phase as macro headlines, improving participation, and technical structure begin to align. After spending much of 2025 in an upsloping sideways range around the 2025 VWAP, price recently reclaimed a key daily level at 1094. Rising open interest and volume suggest renewed institutional engagement, while global trade expectations and weather risks remain central drivers. As the market digests recent volatility, traders are now focused on whether price can sustain trade above 1094 or rotate back toward longer term structural support.Corn, wheat & soybeans by Jim Barber via Shutterstock