The CBOT market was closed on Monday (May 25) for a holiday and reopens for trading on Tuesday. The July contract is tentatively quoted at 1186.75 cents/bushel, down 10.75 cents/bushel. Recent market direction lacks clear guidance. On the one hand, the White House announced that China will purchase an additional $17 billion of U.S. agricultural products annually for the next three years, coupled with a commitment of 25 million tonnes of soybeans, providing long-term export support for U.S. soybeans. On the other hand, U.S. soybean planting progress has reached 67%, higher than both last year's pace and the five-year average, with favorable weather conditions limiting upside price potential. Brazil's soybean harvest has concluded, with May exports expected to reach 16.1 million tonnes, as South American supply pressure continues to be released. The main U.S. soybean contract is expected to trade in a range-bound pattern between 1170 and 1210 cents/bushel.