FX.co ★ Soybeans Hold At Lowest since February

Soybean prices hovered around $12 per bushel, remaining near their lowest levels since early February as traders awaited the USDA’s key acreage and quarterly grain stocks reports scheduled for June 30. These closely watched releases are expected to offer critical insights into the forthcoming US seasonal supply outlook, with early market projections pointing to a modest reduction in planted area. Beyond the government data, the market is also focused on hot US weather that has raised immediate concerns about crop conditions. At the same time, investors are tracking Chinese demand for signs of sustained buying momentum. This renewed interest is being carefully assessed in the aftermath of the May summit between Presidents Donald Trump and Xi Jinping, as market participants look for evidence of additional bulk purchases that could underpin prices.