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CBOT November soybeans closed lower on June 26 at 1155 cents per bushel, weighed by lower crude oil and trader positioning ahead of USDA acreage and stocks reports. Traders expect planted area of 85.37 million acres and June 1 stocks at the highest for the period since 2020, though Midwest heat concerns offered some support.
Mysteel notes limited room for soybean meal spot gains.
Expected large stocks and acreage point to ample supply, keeping soybean and meal prices under pressure unless weather deteriorates.
mysteel.netJun 29, 2026Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
