Soybeans Near 3-Month Low on Ample Supply Outlook
Bullish strength: 20/100
- China purchased 136,000 MT of soybeans for the 2026/27 marketing year.
- USDA reported additional sales of 165,150 MT and 132,000 MT to unknown destinations.
Bearish strength: 80/100
- Global soybean supply expectations remain abundant.
- US harvest progress is ahead of the five-year average, supporting record production expectations.
- Brazilian exports are more competitive due to a weaker real.
- Chinese soybean oil inventories increased 4.3% year over year.
- Strong Chinese crushing activity is outpacing sluggish consumption.
- Soybean futures approached a three-month low.
This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.