Soybean futures on the CBOT closed lower on Friday, with the benchmark November contract settling at 1155 cents/bushel. The decline was mainly driven by falling international crude oil prices and position adjustments by traders ahead of the USDA's planted acreage and quarterly stocks reports. The market expects U.S. soybean planted area to reach 85.37 million acres, up 669,000 acres from the March estimate, while stocks as of June 1 are projected at 1.046 billion bushels, the highest for this period since 2020. However, high-temperature weather in the Midwest (with local temperatures possibly reaching 38C) has raised concerns about crop conditions, providing some support to the market. Near-term focus remains on the June 30 USDA acreage report.