July Soybean futures closed moderately higher today, reclaiming a position above the 50-day moving average after two consecutive sessions below it. This technical rebound prevented a breakdown below key support levels. The soybean complex found significant support from independent strength in soybean oil, which rose 1.44% today despite experiencing only minor, mixed cues from WTI Crude Oil futures. On the fundamentals side, the soybean planting pace remains well ahead of historical averages, reaching 79% complete as of last Monday. This compares favorably against the 5-year average of 68% and last year's pace of 75%. Historically, early planting sets a strong foundation for robust crop yields, shifting weather focus toward July and August conditions. Additionally, the weekly export sales report has been delayed to Friday morning due to the recent holiday, with trade expectations spanning a wide range between 150 thousand and 800 thousand metric tons.