China soybean and relatives market daily: DCE M2609 decline opens pricing opportunities, spot prices in many regions fall below 2,800 Level

Source: Mysteel Jun 04, 2026 14:12

CBOT soybean futures fell for the fourth consecutive session, primarily due to moderate rainfall in the U.S. Midwest production region, which improved soil moisture conditions and benefited newly planted soybeans, thereby weighing on prices. However, escalating tensions in the Middle East pushed crude oil prices higher, which in turn drove soybean oil futures up, providing some support to the soybean market. The market is watching whether lower soybean prices will stimulate export demand, awaiting the USDA's weekly export sales report to be released on Thursday. Additionally, the Commodity Weather Group expects rainfall and favorable temperatures in key production areas such as Iowa and Minnesota, easing concerns over future drought risks.