CBOT soybean futures closed higher on Friday, as market sentiment was weighed by short-term dry weather concerns in Argentina. However, the limited threat to overall production restrained the gains in U.S. soybeans. Currently, expectations of a bumper harvest in South America have largely been priced in by the market, with trading focus gradually shifting to the impact of weather variability on final yields and the actual progress of Brazil's harvest. In the near term, U.S. soybeans are expected to maintain a consolidative pattern.In the domestic soybean meal market, overnight trading showed stability with slight fluctuations. The M05 contract is anticipated to trade within a range of Yuan 2,750 to 2,800 per tonne in the short term. While the contract found support near the lower end of its recent range and rebounded, gains are likely to be limited due to longer-term supply pressure stemming from South America's bumper harvest, and the overall consolidative pattern is unlikely to ch