28.08.202602:53:50UTC+00Soybean Futures Extend Rally

Soybean futures rose further above $12.60 per bushel, extending their rally to the highest level since December 2023, driven by ongoing concerns over crop conditions and robust Chinese demand. US exporters have logged a series of soybean sales to China for the 2026/27 marketing year, including a new 333,000‑metric‑ton booking announced on August 26. That deal follows several sizable transactions earlier in the month, with USDA data showing purchases of 488,000 tons on August 3, 238,000 tons on August 7, and 244,000 tons on August 12. At the same time, extreme heat and heavy rainfall across key Chinese growing regions are threatening soybean quality and yields, potentially increasing China’s dependence on imports. Still, expectations for a record US harvest remain a limiting factor for prices: the USDA projects 2026/27 production at 4.52 billion bushels, even after trimming its yield estimate to 52.7 bushels per acre.