Soybean Futures Drop to 1-Month Low

2026-04-08 01:22 By Joshua Ferrer 1 min. read

Soybean futures fell below $11.5 per bushel, reaching a one-month low as a temporary US–Iran ceasefire triggered a sharp drop in crude oil prices and weighed on crop-based biofuel demand.

The two-week truce helped ease fears of prolonged supply disruptions, following weeks of constrained flows through the Strait of Hormuz that had disrupted fuel and fertilizer shipments critical to agricultural production.

A sharp drop in oil prices added pressure to vegetable oils such as soy, which are closely tied to energy markets through biofuel demand.

US soybean exports also came under pressure from weak demand and stiff competition from South America.

Weekly export sales for the 2025/26 season fell to 353,300 tons, down 18% from the prior four-week average, highlighting subdued overseas interest as cheaper Brazilian supplies continue to dominate.

Elsewhere, markets remained focused on potential US–China trade talks, with hopes of stronger demand from China, the world’s largest soybean importer.



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Soybean Futures Drop to 1-Month Low
Soybean futures fell below $11.5 per bushel, reaching a one-month low as a temporary US–Iran ceasefire triggered a sharp drop in crude oil prices and weighed on crop-based biofuel demand. The two-week truce helped ease fears of prolonged supply disruptions, following weeks of constrained flows through the Strait of Hormuz that had disrupted fuel and fertilizer shipments critical to agricultural production. A sharp drop in oil prices added pressure to vegetable oils such as soy, which are closely tied to energy markets through biofuel demand. US soybean exports also came under pressure from weak demand and stiff competition from South America. Weekly export sales for the 2025/26 season fell to 353,300 tons, down 18% from the prior four-week average, highlighting subdued overseas interest as cheaper Brazilian supplies continue to dominate. Elsewhere, markets remained focused on potential US–China trade talks, with hopes of stronger demand from China, the world’s largest soybean importer.
2026-04-08
Soybeans Remain Subdued
Soybean futures hovered around $11.6 per bushel, staying below a near two-year high reached on March 12, pressured by weak demand for US supplies and intense competition from South America. The US Department of Agriculture reported last week that weekly soybean export sales for the 2025/26 season fell to 353,300 tons, down 18% from the prior four-week average, signaling subdued overseas interest as cheaper Brazilian shipments continue to dominate global trade. Still, losses were limited by higher crude oil prices amid escalating tensions involving US President Donald Trump and Iran, which supported biofuel-linked demand. Higher energy prices tend to boost demand for soybean oil, a key feedstock in biodiesel production, thereby indirectly supporting soybean prices. Meanwhile, markets remain focused on potential US-China trade talks, with investors watching for signs of stronger demand from China, the world’s largest soybean importer.
2026-04-06
Soybeans Rebounds After USDA Annual Report
Soybean futures rose past 11.7 dollars per bushel after USDA data confirmed a sharp reduction in inventories and shifts in planting intentions amid the ongoing conflict in the Middle East. The USDA Grain Stocks report revealed that US soybean inventories plunged to 2.10 billion bushels in the first quarter of 2026 reflecting a substantial drawdown from 3.29 billion recorded previously as global supply chains faced the effective closure of the Strait of Hormuz. This bullish momentum was partially offset by the Prospective Plantings report which showed US farmers intend to increase soybean acreage to 84.70 million acres for the 2026 season. While higher fertilizer and fuel costs from the five week war in the Persian Gulf make the oilseed relatively more attractive than corn, the market remains focused on the upcoming trade talks between President Trump and China.
2026-03-31