Soybean futures rose to around $11.5 per bushel, the highest in three months, as Chinese buyers returned after the Lunar New Year, reviving optimism for large-scale exports. Support comes from the "Busan Truce," a trade agreement between Presidents Trump and Xi reportedly setting a 20-million-metric-ton purchase target for the year. However, gains are limited by tariff uncertainty and shifts in US policy after the Supreme Court struck down sweeping tariffs, raising fears that additional 8-million-ton purchases may be canceled. Pressure also comes from a record Brazilian harvest, projected at 180 million metric tons, with prices well below US values. Traders now watch whether China will make “goodwill” purchases ahead of a planned April summit to support market levels.
Soybeans fell to 1,147.07 USd/Bu on March 2, 2026, down 0.88% from the previous day. Over the past month, Soybeans's price has risen 7.63%, and is up 14.91% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Soybeans reached an all time high of 1794.75 in September of 2012. Soybeans - data, forecasts, historical chart - was last updated on March 2 of 2026.
Soybeans fell to 1,147.07 USd/Bu on March 2, 2026, down 0.88% from the previous day. Over the past month, Soybeans's price has risen 7.63%, and is up 14.91% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Soybeans is expected to trade at 1162.28 USd/BU by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 1218.36 in 12 months time.