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Soybean futures held around $13 per bushel, near their highest since December 2023 as strong Chinese buying supported prices, while traders weighed the USDA’s latest supply-and-demand report. The USDA’s September WASDE report raised its 2026/27 US soybean production forecast to a record 4.535 billion bushels from 4.519
USDA’s WASDE projected higher U.S. soybean production and yields than the prior month, while traders pointed to domestic projections lowering ending stocks by 10 million bushels.