Soybean prices hit one-month high, US Department of Agriculture downsizes US soybean production and inventory estimates.

Chicago soybean futures rose to their highest level since mid-July, as the U.S. Department of Agriculture lowered its forecasts for U.S. soybean production and stocks more than market expectations, putting pressure on global supplies. In its monthly report released on Tuesday, the USDA lowered its forecast for domestic soybean production in the 2025-26 season to 4.3 billion bushels, mainly due to a decrease in planting area. The decrease in soybean production also dragged down the outlook for stocks, which were lower than all survey estimates.