CBOT Soybean Futures Fall 0.7% to Four-Month Low on Favorable Weather, Crude Oil Decline

According to Jin10 Futures, CBOT soybean futures fell 0.7% on Thursday (June 12), hitting a four-month low. The decline reflects favorable weather conditions in U.S. soybean-growing regions and falling crude oil prices. Midwest agricultural areas received widespread rainfall from storm systems, supporting early crop growth. International crude futures declined after U.S. President Trump announced the cancellation of plans to strike Iran on Thursday, adding downward pressure to soybean and soybean oil markets. The U.S. Department of Agriculture maintained its supply and demand forecast, with soybean ending stocks for 2025/26 and 2026/27 predicted at 340 million and 310 million bushels respectively.
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