Overnight, the U.S. Department of Agriculture (USDA) released its annual soybean planted acreage and quarterly stocks report. U.S. soybean planted area for 2026 came in at 85.365 million acres, up 5.1% year-over-year. As of June 1, total U.S. soybean stocks stood at 1.061 billion bushels, an increase of 5.3% year-over-year. Planted acreage was in line with market expectations, while quarter-end stocks came in higher than anticipated. Soybean oil futures traded lower with volatility. On the spot side, national soybean oil transaction volume reached 45,000 tonnes yesterday. Near-month basis for JuneJuly remained relatively stable with light fluctuations. Currently, crusher operating rates remain high, and the basis is expected to continue its range-bound movement in the near term.