CBOT Soybean Futures Rise 1% on Buyer Inquiries for 2026-27 Shipments

SOYBEAN0.53%
According to reports, CBOT soybean futures rose 1% at Tuesday's (June 16) close as spot market sources indicated buyers were seeking offers for U.S. soybean shipments due late 2026 to early 2027. However, gains were limited by improved U.S. soybean crop conditions and declining crude oil prices. The USDA reported Monday that national soybean quality rated at 66%, up one percentage point week-over-week, while crop expert Michael Cordonnier adjusted yield estimates to 52.5 bushels per acre, compared to the USDA's current forecast of 53 bushels per acre.
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