Soybeans Near Three-Week High on Trade Hopes

2025-10-08 14:50 By Dongting Liu 1 min. read

Chicago soybean futures traded around $10.26 per bushel, remained close to three-week highs on expectations that US harvest yields will fall below the latest government forecast and hopes for renewed Chinese purchases.

President Trump indicated that soybeans would be a key topic in his upcoming meeting with Chinese President Xi later this month, raising hopes that a potential trade deal could support foreign demand from the world’s largest consumer and importer.

Markets were further buoyed as the Trump administration reportedly considers a major farm aid package, with initial outlays of up to $15 billion, aimed at offsetting the impact of China halting US soybean purchases.

Supply from North and South America remained robust, with the US soybean harvest nearly 40% complete, while favorable weather supported Brazil in achieving its second-fastest planting pace on record for this marketing year.



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