Soybean futures are showing signs of upward momentum as they recently broke above the 100-day moving average, a key technical indicator. Analysts suggest this breakout could lead to further gains, with the next resistance level identified at the 200-day moving average, which previously acted as a ceiling during the February rally and the May 2024 highs. As of April 2, 2025, preliminary open interest data indicates a decrease in soybean open interest by 6,523 contracts, bringing the total to 854,205. In contrast, soymeal and soyoil saw increases in open interest, with soymeal up by 6,427 contracts to 602,777 and soyoil up by 2,131 contracts to 597,288. The volatility for the K 1030 straddle is noted at 14.6% and 14.9% for different strike prices, indicating a stable trading environment for soybean options. Overall, the market is observing a cautious yet optimistic outlook for soybean prices amid fluctuating open interest and technical resistance levels.