CBOT soybean futures declined, mainly due to a temporary easing of tensions in the Middle East and a two-week safe passage window through the Strait of Hormuz, which triggered a sharp pullback in crude oil prices and dragged down soybean oil prices, consequently weighing on CBOT soybean futures. Meanwhile, global soybean supply remains ample, with Brazil's harvest progress reaching 82.1% and new crop supplies continuing to pressure prices. Coupled with expectations of increased planting area in the US, the market is awaiting guidance from Thursday's USDA report. However, lingering uncertainties in the Middle East provide some support to CBOT soybean prices. In the short term, soybeans are expected to trade within the 11401180 cents/bushel range.