CBOT soybean futures closed lower as the latest U.S. crop data released. This adjustment followed the USDA's upward revision of the U.S. 2025/26 soybean production forecast and its downward revision of soybean export projections. The USDA's January supply and demand report also showed that the U.S. 2025/26 soybean production estimate was 4.262 billion bushels, up from 4.253 billion bushels in December. The U.S. 2025/26 soybean yield estimate remained unchanged at 53 bushels per acre. Analysts had previously expected the production estimate to decline to 4.229 billion bushels, with an average yield of 52.7 bushels per acre. The USDA also lowered its export forecast for the current U.S. soybean marketing year to 1.575 billion bushels, down from 1.635 billion bushels in December. Additionally, the USDA raised its estimates for Brazilian soybean production and exports. According to consultancy AgRural, as of last Thursday, Brazil's 2025/26 soybean harvest progress reached 0.6%, higher than