Soybean Futures Hit 6-Week Low

2026-10-13 02:56 By Joshua Ferrer 1 min. read

Soybean futures fell below $12.8 per bushel, hitting a six-week low as expectations for a record-large US crop and active harvesting weighed on prices.

The USDA raised its 2026 soybean production forecast to 4.562 billion bushels from 4.535 billion in September, above expectations of 4.534 billion, while lifting its average yield estimate to 53.1 bushels per acre from 52.8.

Mostly dry weather across the Midwest is allowing farmers to accelerate harvesting, with the USDA’s weekly crop progress report due Tuesday.

Meanwhile, Brazil’s soybean planting is advancing at a record pace, with favorable rainfall supporting fieldwork.

Traders are now monitoring potential Chinese demand following recent talks between Trump and Xi Jinping, although punitive Chinese tariffs continue to discourage private buyers.

China also lowered its 2026/27 soybean production forecast to 20.36 million tonnes but kept its import outlook at 95.5 million tonnes, well below the USDA’s 115 million-tonne estimate.



News Stream
Soybean Futures Hit 6-Week Low
Soybean futures fell below $12.8 per bushel, hitting a six-week low as expectations for a record-large US crop and active harvesting weighed on prices. The USDA raised its 2026 soybean production forecast to 4.562 billion bushels from 4.535 billion in September, above expectations of 4.534 billion, while lifting its average yield estimate to 53.1 bushels per acre from 52.8. Mostly dry weather across the Midwest is allowing farmers to accelerate harvesting, with the USDA’s weekly crop progress report due Tuesday. Meanwhile, Brazil’s soybean planting is advancing at a record pace, with favorable rainfall supporting fieldwork. Traders are now monitoring potential Chinese demand following recent talks between Trump and Xi Jinping, although punitive Chinese tariffs continue to discourage private buyers. China also lowered its 2026/27 soybean production forecast to 20.36 million tonnes but kept its import outlook at 95.5 million tonnes, well below the USDA’s 115 million-tonne estimate.
2026-10-13
Soybeans Fall on Higher US Supply Outlook
Soybean futures fell below $12.9 per bushel, reaching a one-week low as the USDA's latest report pointed to a more abundant US supply outlook for the 2026/27 season. The agency raised its soybean yield estimate to 53.1 bushels per acre from 52.8 in September, lifting projected production to 4.56 billion bushels from 4.535 billion. US ending stocks were also revised higher to 315 million bushels from 310 million, adding to concerns over ample supplies. However, the USDA increased its export forecast by 10 million bushels, providing some offset to the bearish outlook, while its season-average farm price estimate remained unchanged at $12 per bushel. Meanwhile, China's Agriculture Ministry cut its 2026/27 soybean output forecast by 590,000 tonnes to 20.36 million tonnes in its October outlook, citing lower-than-expected planted area and yields. The reduction, alongside higher production costs and rising global prices, supported new-crop soybean prices in China.
2026-10-12
Soybeans Rebound on Brazil Planting Delays
Soybean futures climbed toward $13.1 per bushel, bouncing off from multi-week lows as slower planting in Brazil and signs of continued export demand lifted prices. About 7.3% of soybean crop in Brazil, the world’s largest exporter, had been planted as of Thursday, below 9% a year earlier, with estimated 2026/27 production at 182.7 million metric tons. The USDA has a higher forecast of 186 million tons, which would exceed last year’s record 180.5 million tons. On the demand side, an unnamed buyer purchased 104,000 tonnes of US soybeans, while US export inspections reached 3.99 million tonnes since the start of September, up from 3.05 million tonnes a year earlier. However, gains remained limited by expectations for a large US crop and weak Chinese demand. US crop harvest reached 25% as of October 4, below the five-year average of 33%, although dry weather is expected to accelerate fieldwork, while Chinese purchases are being constrained by an additional 10% tariff on US soybeans.
2026-10-07