Large speculative funds remain heavily committed to the soybean trade, holding a net-long position of 160,479 contracts as of the latest Commitments of Traders (COT) report data released by the U.S. Commodity Futures Trading Commission (CFTC). The data, current through Tuesday, July 28, shows Managed Money traders holding 199,637 long contracts against 39,158 short contracts, confirming a high-conviction trade in the oilseed futures market. This extreme positioning keeps a focus on the global price of soybeans, which is a major factor for Brazilian revenues and the **Brazil agribusiness** sector.