Soybeans Stay Near Multi-Month Lows

2026-06-26 02:46 By Joshua Ferrer 1 min. read

Soybean futures held recent gains above $11.2 per bushel but remained near four-month lows, pressured by weaker crude oil prices and a stronger US dollar, while hot US weather raised crop concerns.

The National Weather Service forecast temperatures nearing 100 degrees Fahrenheit this weekend, extending as far north as the upper Midwest and as far east as the Carolinas.

These elevated temperatures are expected to stretch from the Plains to the Atlantic Coast through July 4.

Meanwhile, progress in ongoing US-Iran peace talks has improved shipping activity through the Strait of Hormuz, raising expectations of stronger global oil supply and pushing crude prices lower.

Soybeans often track crude oil due to its use as a biofuel feedstock.

Additional pressure came from a stronger dollar amid mounting bets on US rate hikes this year, making commodities more expensive for foreign buyers.

Traders now look for signs of renewed Chinese demand, following 132,000 tons of US soybeans sold last week.



News Stream
Soybeans Stay Near Multi-Month Lows
Soybean futures held recent gains above $11.2 per bushel but remained near four-month lows, pressured by weaker crude oil prices and a stronger US dollar, while hot US weather raised crop concerns. The National Weather Service forecast temperatures nearing 100 degrees Fahrenheit this weekend, extending as far north as the upper Midwest and as far east as the Carolinas. These elevated temperatures are expected to stretch from the Plains to the Atlantic Coast through July 4. Meanwhile, progress in ongoing US-Iran peace talks has improved shipping activity through the Strait of Hormuz, raising expectations of stronger global oil supply and pushing crude prices lower. Soybeans often track crude oil due to its use as a biofuel feedstock. Additional pressure came from a stronger dollar amid mounting bets on US rate hikes this year, making commodities more expensive for foreign buyers. Traders now look for signs of renewed Chinese demand, following 132,000 tons of US soybeans sold last week.
2026-06-26
Soybeans Hits 20-week Low
Soybeans decreased to 1100.00 USd/Bu, the lowest since February 2026. Over the past 4 weeks, Soybeans lost 6.58%, and in the last 12 months, it increased 8.33%.
2026-06-25
Soybeans Trade Near Multi-Month Lows
Soybean futures traded around $11.2 per bushel, hovering near its lowest level since February as favourable US crop weather and falling crude oil prices weighed. Progress in ongoing US-Iran peace negotiations has improved shipping activity through the Strait of Hormuz, fueling expectations of a faster recovery in global supply and pushing crude oil prices lower. Soybeans often track crude oil due to its use as feedstock for biofuel. Abundant rainfall and moderate temperatures in the US Midwest have also curbed prices this month, though excess wet conditions are beginning to impede crop development. Additional pressure came from a stronger US dollar amid mounting wagers of rate hikes this year, making US commodities more expensive for foreign buyers. Meanwhile, the USDA's weekly crop progress report showed ratings for US soybeans unchanged from last week at 66% good-to-excellent. Traders now look for signs of bulk Chinese purchases, following 132,000 tons of US soybeans sold last week.
2026-06-23