Soybean futures held around $11.5 per bushel, staying near five-week lows as traders adjusted positions ahead of the USDA’s upcoming crop report this week. The report will include the first survey-based estimate of 2026 US soybean yields and updated harvested acreage, potentially reshaping expectations for crop size and supplies. Meanwhile, weather has become less supportive, as warmer and drier conditions across parts of the Midwest raised concerns over soybean pod filling during August, adding uncertainty around US yields. While the USDA recently confirmed a private sale of 132,000 metric tons of US soybeans to China for delivery in the 2026/27 marketing year, the purchase did little to offset the bearish supply outlook. Traders now continued to monitor developments in the Black Sea region, where the ongoing Russia-Ukraine war threatened grain export routes, although expectations for another large harvest from the region continued to weigh on prices.