Soybeans drop 1.2% in Chicago on profit taking

Soybean futures on the Chicago Board of Trade fell on September 18, 2026, dropping 16.25 cents, or 1.2%, to settle at $13.035 per bushel. Traders booked profits following recent multi-year highs, while declining crude oil prices and advancing harvest activity across the US Midwest weighed on the market despite sporadic rains.

Market participants also turned their attention to an upcoming meeting scheduled for the following week between US President Donald Trump and Chinese President Xi Jinping. Chinese purchases of soybeans and other US agricultural products are set to be prominent trade topics during the talks.

Other grain contracts also closed lower on the session. Corn futures dropped 3 cents, or 0.6%, to close at $5.275 per bushel after touching a one-week low of $5.255. Wheat fell 12.75 cents, or 1.8%, to finish at $7.1425 per bushel, pressured by technical selling and continued hopes for easing tensions across the Black Sea export corridor.