Soybeans Hit 3-Week High

2026-08-18 01:10 By Joshua Ferrer 1 min. read

Soybean futures rose above $12 per bushel, hitting a three-week high as stronger soybean crushing activity and higher crude oil prices supported the market.

The National Oilseed Processors Association data showed members crushed 216.647 million bushels of US soybeans in July, up 1.1% from June and 10.7% from a year earlier.

However, the daily crush rate eased to 6.989 million bushels from 7.145 million a month earlier.

Traders now await the Pro Farmer field tour for fresh indications on US soybean yields after the USDA lowered its official yield forecasts last week.

Heavy Midwest rainfall has also raised concerns over excess moisture and crop conditions.

Elsewhere, Chinese demand continued to provide support, with traders reporting that China had already purchased around 7 million metric tons of US soybeans.

Meanwhile, disruptions to Russian and Ukrainian grain shipments through the Black Sea, including reduced loadings at Russian ports, added broader support to agricultural markets.



News Stream
Soybeans Hit 3-Week High
Soybean futures rose above $12 per bushel, hitting a three-week high as stronger soybean crushing activity and higher crude oil prices supported the market. The National Oilseed Processors Association data showed members crushed 216.647 million bushels of US soybeans in July, up 1.1% from June and 10.7% from a year earlier. However, the daily crush rate eased to 6.989 million bushels from 7.145 million a month earlier. Traders now await the Pro Farmer field tour for fresh indications on US soybean yields after the USDA lowered its official yield forecasts last week. Heavy Midwest rainfall has also raised concerns over excess moisture and crop conditions. Elsewhere, Chinese demand continued to provide support, with traders reporting that China had already purchased around 7 million metric tons of US soybeans. Meanwhile, disruptions to Russian and Ukrainian grain shipments through the Black Sea, including reduced loadings at Russian ports, added broader support to agricultural markets.
2026-08-18
Soybeans Near 3-Week Top
Soybean futures rose above $11.8 per bushel, hitting nearly a three-week high, as firm Chinese demand continued to support prices. According to traders, China had already purchased about 7 million metric tons of US soybeans, while China’s Sinograin said it would auction 360,000 tons of imported soybeans, its fourth sale since late July, in an effort to free up storage space for incoming US supplies. Last week, the USDA raised its 2026 US soybean production estimate by by 44 million bushels to a record 4.519 billion bushels but lowered its yield forecast in the monthly report to 52.7 bushels per acre from 53, reflecting the impact of extreme heat and dryness in parts of the Midwest. Looking ahead, forecasts for cooler temperatures and ample rainfall in August and September could improve crop prospects after weeks of heat and dryness supported prices. Traders are also monitoring a major US field tour this week for further indications on soybean and corn yield prospects.
2026-08-17
Soybeans Rise from Multi-Week Lows
Soybean futures rose around $11.7 per bushel, climbing off from multi-week lows as markets weighed expectations for a record US crop against a lower yield forecast. The USDA cut its 2026 soybean yield estimate to 52.7 bushels per acre from 53, reflecting the impact of extreme heat and dryness in parts of the Midwest. However, higher planted acreage lifted projected production by 44 million bushels to a record 4.519 billion bushels, up 6% from 2025 and above the previous record set in 2021. The larger crop also pushed projected 2026/27 ending stocks up to 320 million bushels from 310 million previously. Meanwhile, forecasts for cooler temperatures and ample rainfall in August and September could improve crop prospects after weeks of heat and dryness supported prices. Elsewhere, China provided a fresh demand boost, with the USDA confirming a sale of 244,000 metric tons of US soybeans for delivery in the 2026/27 marketing year.
2026-08-13