CBOT soybean futures closed higher on Friday, hitting a two-week high, with soymeal futures surging more than 4%. The rally was mainly driven by firm spot market conditions and news of rare U.S. soymeal exports to Italy. Additionally, over the weekend, negotiations between the U.S. and Iran made little progress, with significant disagreements between the two sides and no deal reached. Tensions in the Middle East have once again escalated, supporting a rebound in crude oil prices to high levels, though short-term oil price volatility remains high. Against this backdrop, U.S. soybean prices are expected to maintain a rangebound but firm pattern.