Soybean Futures Ease on Strong US Harvest, Brazil Planting
2025-10-06 19:31
By
Mojdeh Kazemi
1 min. read
Soybean futures eased below $10.20 a bushel as a rapidly advancing US harvest, strong early planting in Brazil, and weak demand from China weighed on prices.
Dry weather in the US allowed farmers to accelerate harvesting of a forecasted bumper crop, with the soybean harvest estimated at 39% complete as of Sunday.
USDA export inspections showed 768,117 metric tons of US soybeans inspected for export in the week ended October 2, near the high end of trade estimates.
In Brazil, soybean planting for the 2025/26 season reached 9% of the expected area, marking the second-highest level for this date, while September exports rose to 7.34 million metric tons from 6.11 million tons a year earlier.
Traders are also monitoring potential US government aid for soy farmers affected by the trade war with China and an upcoming meeting between US and Chinese leaders.