Soybean drops to three-month low, traders watch for increased global supply.

Soybean futures fell to their lowest level since April, with traders expecting the monthly supply and demand report from the U.S. Department of Agriculture on Friday to increase global stocks. Analysts surveyed anticipate that the agency will raise its estimates for global soybean and corn supplies, partly due to increased crop production in Brazil. Meanwhile, the weather continues to favor U.S. crops, while the fluctuating tariff deadlines set by U.S. President Donald Trump are dampening demand.