Soybeans Rise Toward 2-Year Highs

2026-05-29 03:37 By Joshua Ferrer 1 min. read

Soybean futures rose to above $11.9 per bushel, moving back toward two-year highs as supportive USDA projections and resilient global demand lifted prices.

The agency’s first outlook for the 2026/27 season pointed to tighter-than-expected US supply conditions, forecast at 120.7 million tons versus market expectations of around 125 million tons.

While global soybean production was projected at a record 441.5 million tons, consumption was seen holding near similar levels, helping ease concerns over a significant supply surplus.

The USDA also projected Chinese soybean imports to rise to 114 million tons in 2026/27 from 112 million in the current season.

Meanwhile, strong US planting progress reinforced expectations for another solid harvest, with 49% of the crop already planted, well ahead of the historical average of 36%.

In South America, Brazil’s soybean harvest neared completion and production is expected to reach around 180 million tons, while exports continued at a record pace.



News Stream
Soybeans Rise Toward 2-Year Highs
Soybean futures rose to above $11.9 per bushel, moving back toward two-year highs as supportive USDA projections and resilient global demand lifted prices. The agency’s first outlook for the 2026/27 season pointed to tighter-than-expected US supply conditions, forecast at 120.7 million tons versus market expectations of around 125 million tons. While global soybean production was projected at a record 441.5 million tons, consumption was seen holding near similar levels, helping ease concerns over a significant supply surplus. The USDA also projected Chinese soybean imports to rise to 114 million tons in 2026/27 from 112 million in the current season. Meanwhile, strong US planting progress reinforced expectations for another solid harvest, with 49% of the crop already planted, well ahead of the historical average of 36%. In South America, Brazil’s soybean harvest neared completion and production is expected to reach around 180 million tons, while exports continued at a record pace.
2026-05-29
Soybean Prices Extend Decline
Soybean futures fell below $11.90 per bushel, retreating further from recent two-year highs as uncertainty over global trade and geopolitical developments weighed on prices. A potential US–Iran peace deal that could reopen the Strait of Hormuz and restore flows of fuel and fertilizers critical for crop production is seen as supportive for agricultural supply, potentially boosting global grain output. However, crude oil prices rebounded on reports of fresh US strikes in southern Iran, reinforcing biofuel-related demand. Elsewhere, doubts over a US–China trade agreement weighed on prices, after Beijing did not confirm the Trump administration’s claim that it had committed to purchasing at least $17 billion in US agricultural products annually through 2028, alongside existing soybean pledges. China’s Ministry of Commerce said the two sides had only agreed on a “guiding target” to expand agricultural trade, without referencing the $17 billion figure.
2026-05-26
Soybeans Fall on US-China Trade Deal Doubts
Soybean futures declined to below $11.9 per bushel, retreating from recent two-year highs, as doubts surrounding a US-China trade agreement weighed on prices. The drop followed China's failure to confirm the Trump administration's assertion that Beijing had committed to purchasing at least $17 billion in US agricultural products annually through 2028, in addition to its current soybean pledges. Prices had surged last week after the White House announced the deal, which came after discussions between President Donald Trump and Chinese leader Xi Jinping in Beijing. However, China’s Ministry of Commerce stated that the two countries had merely established a “guiding target” to increase agricultural trade, without mentioning the $17 billion figure. While US farmers welcomed the potential demand boost, they still face pressure from low crop prices, high production costs, Trump’s tariffs, and rising fertilizer expenses tied to the Middle East conflict.
2026-05-20