# Mysteel soybean and relatives market daily:U.S. soybean futures closed lower; room for soybean meal spot price gains is limited | Mysteel

> 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.

- Date: 2026-06-29 · published 2026-06-29T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/18883-mysteel-soybean-and-relatives-market-daily-u-s-soybean-futures-closed-lower
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Expected large stocks and acreage point to ample supply, keeping soybean and meal prices under pressure unless weather deteriorates.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- WTI: bearish ▼

## Sources

- mysteel.net: https://www.mysteel.net/analysis/5129890-mysteel-soybean-and-relatives-market-daily-us-soybean-futures-closed-lower-room-for-soybean-meal-spot-price-gains-is-limited

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.