Soybean Futures Slide on Weak Demand and Rising Brazilian Exports
2025-09-10 13:20
By
Dongting Liu
1 min. read
Soybean futures fell toward $10 per bushel, the lowest since mid-August, as traders squared positions ahead of Friday’s USDA World Agricultural Supply and Demand report.
The market is under pressure from a prolonged absence of Chinese buying, traditionally the largest importer of US soybeans, as stalled trade talks have left China largely sourcing from South America.
Chinese importers have already booked around 7.4 million metric tons of mainly South American soybeans, covering 95% of October demand.
On the supply side, industry group Anec estimated Brazilian soybean exports at 7.43 million metric tons in September, up from 6.75 million a week earlier.