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China soybean and relatives market daily: Overnight U.S. soybeans closed lower

Source: Mysteel May 06, 2026 10:19
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Soybean Soybean Meal Demand Price Supply
Overnight, CBOT soybean futures closed lower at 1210.25 cents per bushel, mainly due to profit-taking and a wave of farmer selling. In addition, the pullback in crude oil prices also weighed on grain and soybean markets. On the U.S. soybean production front, as of the week ending May 3, U.S. soybean planting progress reached 33%, compared to 23% the previous week, 28% a year ago, and a five-year average of 23%. Recent rains in the south-central region may temporarily slow planting activity, but overall planting remains historically fast. In South America, Brazil's soybean harvest has reached 94.7%; StoneX estimates Brazil's 2025/26 soybean production at 181.6 million metric tons, up about 1% from last month's forecast.

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