CBOT soybean futures fell for the third consecutive trading day. The main pressure came from favorable weather conditions in the U.S. Midwest, which are conducive to crop growth from recent plantings and improve yield prospects. At the same time, sluggish demand from major importing countries also weighed on the market. The USDA's weekly report showed that soybean planting progress reached 87%, continuing to outpace last year's pace and the five-year average. However, the good-to-excellent rating stood at 66%, below market expectations and the year-ago level. Although early crop conditions are not highly correlated with final yields, they still provide a benchmark for subsequent assessments. Additionally, the World Meteorological Organization indicated that the probability of an El Nio event occurring in the coming months is 80%, which could bring extreme weather such as heatwaves, droughts, and heavy rainfall, increasing the risk of global climate uncertainty.