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Mysteel soybean and relatives market daily: DCE soybean meal consolidates near lows

Source: Mysteel Jun 11, 2026 14:11
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Soybean Soybean Meal Demand Price Supply
CBOT soybean futures rebounded from multi-month lows, posting their first gain in nine trading sessions, as traders adjusted positions ahead of the US Department of Agriculture's monthly supply and demand report due Thursday. Analysts on average expect the USDA to lower its US wheat production forecast while raising corn and soybean output estimates for Brazil and Argentina. For US soybeans, analysts anticipate the report will show 202526 ending stocks at 338 million bushels and 202627 ending stocks at 312 million bushels. Additionally, ongoing US-Iran tensions supported crude oil prices. The market now awaits the monthly supply and demand report to be released this evening.

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