USDA June Soybean Reports Released
Analysis based on 6 articles · First reported Jun 30, 2026 · Last updated Jun 30, 2026
The market reacted positively to the United States — United States Department of Agriculture's (USDA) reports, with Soybean oil prices closing higher despite larger stock and acreage estimates. However, Soybean oil futures faced downward pressure due to increased Rapeseed oil acreage in Canada.
The United States — United States Department of Agriculture (USDA) released its June Acreage and quarterly Grain Stocks reports, showing 85.36 million Soybean oil acres planted and 1.061 billion bushels of Soybean oil stocks as of June 1. These figures were slightly above analyst estimates. Crop Progress data from the United States — National Agricultural Statistics Service (NASS) indicated 96% of the US Soybean oil crop emerged with 4% setting pods, though condition ratings saw a slight decline. Concurrently, Canada — Statistics Canada (StatsCanada) reported increased acreage for both Soybean oils and Rapeseed oil in Canada, with Rapeseed oil acreage up 8.4% year-over-year, which contributed to pressure on Soybean oil futures. Overall, Soybean oil contracts closed with gains, suggesting a positive market reaction to the data.
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