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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
U.S. equities fell for a second straight session as Treasury yields climbed for a fifth day and crude oil extended gains, with markets increasingly pricing a Federal Reserve rate hike this month.
Soybean futures stayed above $12.2 per bushel near a four-week high, supported by weaker US crop ratings and fresh private export demand.