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Mysteel soybean and relatives market daily: U.S. soybean futures halted losses and moved higher

Source: Mysteel Jun 26, 2026 10:20
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Soybean Soybean Meal Demand Price Supply
Overnight, the CBOT soybean front-month contract snapped its losses and moved higher, driven by three key factors: First, the USDA weekly export sales report showed that for the week ending June 18, net sales of 2025/26 U.S. soybeans reached 455,400 tonnes, up 50% from the four-week average, while new-crop sales for 2026/27 came in at 902,200 tonnes. Second, a rebound in international crude oil prices and sharp gains in neighboring soybean oil futures provided valuation support. Third, NOAA forecasts that temperatures in the north-central to eastern Midwest could reach 100F (approximately 38C) this weekend, with the heatwave raising market concerns over the stress tolerance of shallow-rooted crops. That said, the U.S. soybean good-to-excellent rating remains at a relatively high 66%. In the near term, market focus will be on the actual impact of the heatwave and the upcoming end-of-month Planted Acreage report.

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