# Soybeans Rise Toward 2-Year Highs

> Soybean futures rose above $11.90 per bushel, moving back toward two-year highs after USDA's first 2026/27 outlook. USDA put US supply at 120.7 million tons, below the roughly 125 million expected. Global production was projected at a record 441.5 million tons.

- Date: 2026-05-29 · published 2026-05-29T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/19296-soybeans-rise-toward-2-year-highs
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Tighter-than-expected US supply projections support prices heading into the new crop year. Strong planting progress limits the upside.

## Read by commodity

- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2021-05-12 | [Soybeans Surge Near 9-Year High \| Feed & Grain](https://feedsoft.ai/events/11984-soybeans-surge-near-9-year-high-feed-and-grain.md) | -3.9% | -4.6% |
| SOY | 2021-01-12 | [Corn Soars to Limit Gains, Soybeans Reach New Highs](https://feedsoft.ai/events/48991-corn-soars-to-limit-gains-soybeans-reach-new-highs.md) | +0.8% | +2.0% |
| SOY | 2017-09-29 | [Soybeans edge higher on reports \| Feedstuffs](https://feedsoft.ai/events/68897-soybeans-edge-higher-on-reports-feedstuffs.md) | +0.9% | +1.2% |
| SOY | 2023-11-01 | [U.S. Soybean Meal Exports Expected to Reach Record High](https://feedsoft.ai/events/33689-u-s-soybean-meal-exports-expected-to-reach-record-high.md) | +4.8% | +4.7% |
| SOY | 2025-01-14 | [US soybean meal exports set to reach record highs in 2024/25 \| Feed & Grain](https://feedsoft.ai/events/26589-us-soybean-meal-exports-set-to-reach-record-highs-in-2024-25-feed-and-grain.md) | +2.5% | +0.2% |

## Sources

- tradingeconomics.com: https://tradingeconomics.com/commodity/soybeans/news/554714

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