Soybeans Hit 1-Month High

2026-07-06 03:54 By Joshua Ferrer 1 min. read

Soybeans climbed around $11.5 per bushel, hitting a four-week high as mixed US Midwest weather drove uncertainty, while hopes for stronger Chinese demand continued to support prices.

Markets remained focused on forecasts showing above-normal temperatures through mid-July, a critical period for crop development, even as improved rainfall prospects clouded the yield outlook.

The market also found support from a sharp rally in soymeal, while USDA's latest acreage estimate, which raised soybean plantings to 85.37 million acres, was largely viewed as already priced in.

Investors are now awaiting the USDA's weekly export sales report for confirmation of rumored Chinese purchases after recent report showed 200,000 metric tons sold to China and 529,000 metric tons to unknown destinations for the 2026-27 marketing year.

Additional support came from a decline in the US dollar as expectations of rate hikes eased, making commodities cheaper for foreign buyers.



News Stream
Soybeans Hit 1-Month High
Soybeans climbed around $11.5 per bushel, hitting a four-week high as mixed US Midwest weather drove uncertainty, while hopes for stronger Chinese demand continued to support prices. Markets remained focused on forecasts showing above-normal temperatures through mid-July, a critical period for crop development, even as improved rainfall prospects clouded the yield outlook. The market also found support from a sharp rally in soymeal, while USDA's latest acreage estimate, which raised soybean plantings to 85.37 million acres, was largely viewed as already priced in. Investors are now awaiting the USDA's weekly export sales report for confirmation of rumored Chinese purchases after recent report showed 200,000 metric tons sold to China and 529,000 metric tons to unknown destinations for the 2026-27 marketing year. Additional support came from a decline in the US dollar as expectations of rate hikes eased, making commodities cheaper for foreign buyers.
2026-07-06
Soybeans Hits 4-week High
Soybeans increased to 1143.00 USd/Bu, the highest since June 2026. Over the past 4 weeks, Soybeans gained 2.41%, and in the last 12 months, it increased 10.74%.
2026-07-06
Soybeans Remain Near 4-Month Lows
Soybean futures fluctuated at around $11.2 per bushel, close to their lowest level since early February after the USDA projected larger stockpiles and a sharp increase in US plantings. In its quarterly report, the USDA estimated June 1 soybean stocks at 1.061 billion bushels, exceeding market expectations, while forecasting annual planted acreage at 85.365 million acres, in line with estimates, reinforcing expectations of ample supplies. Additional pressure came from a stronger dollar amid mounting expectations on US interest rate hikes this year, making US commodities more expensive for foreign buyers. Meanwhile, markets continued to monitor hot weather across the US Midwest, which is expected to stress soybean crops in the near term before cooler conditions later this week. Investors also remained focused on Chinese demand, watching for signs of additional purchases following the May summit between Presidents Donald Trump and Xi Jinping.
2026-07-01