Soybeans Hit 1-Month Low

Soybean futures fell below $11.8 per bushel, hitting a four-week low as forecasts of favorable weather across the US Midwest weighed on prices. The expected rainfall near the end of the week is seen as timely as the soybean crop enters the pod-setting phase, when adequate moisture is crucial for yield development. The improved weather outlook weighed on prices after recent heat concerns had supported the market. Earlier this week, the USDA lowered its good-to-excellent rating for the nation’s soybean crop to 63% from 66% as persistent heat stressed crops. Elsewhere, Brazil is also expected to export a record 115.4 million metric tons of soybeans in 2026, reflecting ample global supplies. Meanwhile, continued strong US export demand supported the market. China’s Sinograin plans to auction 500,000 metric tons of imported soybeans, its largest sale since January, to free up storage ahead of new US arrivals.




