HOSE:MBB 21 February 2026

June 29, 2026, 8:17 PM EDT. Soybean futures dropped Monday, with July off 17 1/2 cents. USDA lowered crop ratings to 65% good/excellent, down 1%. National cash beans slipped 16 1/2 cents to $10.63. Exports shot up 54% from last week to 419,124 metric tons, mostly to Mexico, Japan, and China, but total shipments for the year are still 18.7% behind last year. Weather outlooks call for 1-3 inches of rain in the Midwest, which could help crops. Traders are watching for USDA Acreage and grain stock numbers for the next read on soybean plantings and supplies.