NewsSignals AI analysis·Trading Economics·
Soybean Futures Hit Two-Month Low
Grade Bbearish AI signal$ZS
Soybean futures dropped to around $12.40 per bushel, their lowest level since late August, as expectations for record US and South American harvests weighed on prices.
The USDA raised its 2026/27 US soybean production forecast to a record 4.56 billion bushels, up 7% from the previous year, while Brazil's output is projected to reach 181.6 million tonnes.
Record supply prospects and Brazil's growing dominance in China's import market could keep soybean prices under pressure, although stronger US exports and resilient Chinese feed demand may limit further losses.
Bullish strength: 20/100
- Stronger US soybean exports are providing some support to prices.
- Resilient Chinese feed demand is helping sustain demand for soybeans.
Bearish strength: 80/100
- Soybean futures fell to around $12.40 per bushel, their lowest level since late August.
- The USDA raised its 2026/27 US crop forecast to a record 4.56 billion bushels, up 7% year over year.
- The projected US yield increased to a record 53.1 bushels per acre.
- Brazil's soybean production is forecast to rise 0.7% to 181.6 million tonnes in 2026/27.
- Brazil's growing share of China's soybean imports is weighing on US export competitiveness.
This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.