Soybean Prices Jump as USDA Sees Tighter-Than-Expected Supplies

Soybean prices jumped to the highest level in three months after the US Department of Agriculture said domestic supplies for the 2025-26 marketing year will be even tighter than analysts anticipated.

US inventories of the oilseed used in everything from chicken feed to green diesel will fall almost 16% from a year earlier to 295 million bushels (8 million metric tons) in the season starting in September, the USDA said in its monthly supply and demand report. That missed the average of 380 million bushels expected by analysts, according to estimates compiled by Bloomberg.