Soybeans Rise to 15-Month Highs

2025-10-31 16:17 By Felipe Alarcon 1 min. read

Soybean futures rose past $10.90 per bushel, their highest since July 2024, on a clear rebound in Chinese demand and tightening supply signals.

China booked its first US new season cargoes, with COFCO taking about 180,000 metric tons for December and January delivery, and US Treasury Secretary Scott Bessent said China agreed to buy 12 million tons this season and 25 million tons annually for the next three years.

The return of Chinese loadings reopened long idle US export channels and lifted export premiums, shifting global balance sheets because China accounted for over 77% of Brazil’s soybean exports from January to September 2025.

On the supply side, dryness in parts of central Brazil and Argentina and a heavy US harvest that leaves a thin global carryout have made the market less forgiving of incremental demand.



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