# Soybean Futures Recover From Overnight Lows as Supply Estimates Rise

- URL: https://stocks.freetheai.org/news/soybean-futures-recover-from-overnight-lows-as-supply-estimates-rise-618b47
- Published: 2026-10-12T12:36:09Z
- Category: commodities; sentiment: mixed; impact: medium
- Symbols: [CBOT:ZL1!](https://stocks.freetheai.org/symbols/CBOT-ZL1!)
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Soybean futures were trading 2 to 4 cents lower on Monday morning, recovering from deeper losses during overnight trading. November soybean futures recently closed up 4.5 cents at $12.92 per bushel, ending the previous week with a overall gain of 13.75 cents. Meanwhile, soybean meal and soybean oil futures both recorded gains, with December soybean oil up 0.90% to 68.63 cents per pound.

Market pressure stems from increased supply projections. Monthly crop data raised the estimated US soybean yield by 0.3 bushels per acre to 53.1 bushels per acre, lifting total projected production by 27 million bushels to 4.562 billion bushels. As a result, domestic ending stocks were revised up by 5 million bushels to 315 million bushels, defying expectations for a cut. Global ending stocks also rose slightly to 124.28 million metric tons, despite unchanged forecasts for South American production.

With federal offices closed for the Columbus Day holiday, official export inspection and crop progress reports will be released on Tuesday. Investors are also watching international demand after speculative funds increased their net long position to 251,660 contracts, while China state-owned Sinograin plans to auction 518,000 metric tons of imported soybeans on Tuesday, October 13.

## Key points

- US soybean production estimates rose by 27 million bushels to 4.562 billion bushels, driven by an increased yield estimate of 53.1 bushels per acre.
- Domestic ending stocks expanded by 5 million bushels to 315 million bushels, contrasting with market expectations for a reduction.
- Speculative funds boosted their net long position in soybean futures and options by 10,496 contracts to 251,660 contracts.
- China state-owned importer Sinograin scheduled an auction of 518,000 metric tons of imported soybeans for October 13.

## Questions and answers

### Why did soybean crop estimates increase?

Official crop figures raised the average US yield estimate by 0.3 bushels per acre to 53.1, lifting total production by 27 million bushels to 4.562 billion bushels.

### How much are US soybean ending stocks expected to reach?

US soybean ending stocks were revised upward by 5 million bushels to 315 million bushels due to higher domestic supply.

### When will government crop reports be released this week?

Government offices are closed Monday for Columbus Day, delaying the export inspections and crop progress reports to Tuesday.