Soybean Futures Climb on Weak Dollar and US-China Trade Optimism

2025-09-16 14:53 By Dongting Liu 1 min. read

Soybean futures climbed toward $10.5 per bushel, supported by a weaker US dollar and renewed optimism over US–China trade talks.

The dollar index slipped to a two-month low, boosting the competitiveness of US grains abroad, as markets anticipate the Federal Reserve will begin its rate-cut cycle on Wednesday with a 25bps reduction.

Trade sentiment was further lifted by reports that US President Donald Trump and Chinese President Xi Jinping are expected to hold a call on Friday.

However, China—the world’s largest soybean importer—has yet to make significant purchases of US 2025/26 crops amid lingering trade frictions.

On the supply side, the USDA reported that 63% of the US soybean crop was rated “good” or “excellent,” down slightly from 64% the previous week but still above the five-year average.

The agency also noted that 5% of the crop has been harvested.



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