Soybeans Surge to 15-Month High

2025-10-27 11:22 By Dongting Liu 1 min. read

Soybean futures rallied to $10.8 per bushel, touching their highest level since July 2024, as traders grew more optimistic about a potential US China trade deal that could lead to a resumption of Chinese purchases of the oilseed.

The Chinese side announced that both countries had reached a basic consensus on key economic and trade issues, paving the way for a meeting between Presidents Trump and Xi on Thursday.

Meanwhile, U.S.

Treasury Secretary Scott Besent noted that, under the soon-to-be-finalized agreement, China is expected to purchase a “substantial” volume of soybeans.

On the supply side, Brazil is projected to increase soybean acreage by 3.5% to 121 million acres, while Argentina’s soybean processing in September climbed to 4.13 million tonnes, the highest level in 11 months.



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