Soybean price level, June 2026 - U.S. futures: Nearby May 2026 soybean futures around mid‑April were about $11.66/bu, with new‑crop November 2026 near $11.53/bu after USDA’s April WASDE and biofuel‑driven demand revisions. - USDA 2025/26 U.S. season‑average farm price: $10.30–10.40/bu after successive upward revisions in April and May 2026. - USDA first 2026/27 U.S. season‑average farm price: $11.40/bu, implying a higher price environment into the 2026/27 marketing year. - International spot (Q1–Apr 2026): Brazil ~USD 389/MT Q1 2026 (down ~7% q/q on strong harvest and export competition); Chin
Soybean price level, June 2026 - U.S. futures: Nearby May 2026 soybean futures around mid‑April were about $11.66/bu, with new‑crop November 2026 near $11.53/bu after USDA’s April WASDE and biofuel‑driven demand revisions. - USDA 2025/26 U.S. season‑average farm price: $10.30–10.40/bu after successive upward revisions in April and May 2026. - USDA first 2026/27 U.S. season‑average farm price: $11.40/bu, implying a higher price environment into the 2026/27 marketing year.
- International spot (Q1–Apr 2026): Brazil ~USD 389/MT Q1 2026 (down ~7% q/q on strong harvest and export competition); China ~USD 656–645/MT Q1–Apr 2026 (up ~7% q/q on firm import and crush demand); India ~USD 707/MT in April 2026. Global supply–demand balance, 2025/26–2026/27 - Production & stocks - U.S. 2025/26: Ending stocks estimated around 310–350 million bu in mid‑2025–early 2026 updates, reflecting comfortable but not burdensome stocks. - U.S.
Procurement teams should maintain flexible sourcing strategies for Soybeans given the evolving market dynamics. Monitor supply-side developments, inventory trends, and demand signals from end-use sectors. Consider layered hedging against price volatility and diversify supplier exposure to manage risk.