Soybeans fell to $12.90 a bushel, their lowest level in more than a week, as traders focused on Friday’s U.S. Department of Agriculture supply-and-demand forecasts for signs of weather damage to Midwest crops. The USDA said 58% of soybean crops were rated good to excellent, unchanged from the previous week and above expectations for a one-point decline. Chinese buying offered support, with 340,000 metric tons sold for delivery in 2026/27 and another 100,000 tons sold to unknown destinations. Higher oil prices also supported soybeans because of their widespread use in biofuel production, while Brent crude recently moved above $100 a barrel. Soybeans reached $13.10 a bushel on September 1, their highest level since December 2023, amid concerns about U.S. yields and disruptions to Black Sea supplies.