Soybeans Near 5-Week Low
Soybean futures fell to around $12.7 per bushel, nearing a five-week low as harvest pressure from an expected record-large US crop weighed on prices. A wet late summer and early autumn slowed the harvest pace, but the arrival of new supplies continued to pressure the market. The harvest was 17% complete as of September 27, matching the five-year average, with the crop rated 58% good or excellent. Expectations of a weaker August soybean crush added pressure, with processors crushing 209.6 million bushels, below the average trade estimate. Weak Chinese demand also weighed on prices as soybeans were excluded from China’s latest US agricultural tariff cuts and remain subject to an additional 10% tariff. Chinese crushers have covered much of their needs through early 2027 with South American supplies, while high inventories and weak margins limit fresh purchases. Still, US export demand remains firm, with weekly sales at 1.03 million tonnes for 2026/27, including 589,400 tonnes to China.
7 per bushel, nearing a five-week low as harvest pressure from an expected record-large US crop weighed on prices. A wet late summer and early autumn slowed the harvest pace, but the arrival of new supplies continued to pressure the market. The harvest was 17% complete as of September 27, matching the five-year average, with the crop rated 58% good or excellent. 6 million bushels, below the average trade estimate.
Weak Chinese demand also weighed on prices as soybeans were excluded from China’s latest US agricultural tariff cuts and remain subject to an additional 10% tariff. Chinese crushers have covered much of their needs through early 2027 with South American supplies, while high inventories and weak margins limit fresh purchases. 03 million tonnes for 2026/27, including 589,400 tonnes to China.