Soybean Futures Surge Above $11

2025-11-03 11:16 By Joana Ferreira 1 min. read

Soybean futures extended gains in November, climbing past $11 per bushel for the first time since early July 2024, as optimism over a US-China trade deal boosted expectations that agricultural trade between the two nations could return to normal levels.

Under the agreement, China has agreed to suspend all tariffs announced since March 4 on soybeans and other US agricultural products, including corn, wheat, sorghum, and chicken.

The White House added that China will purchase at least 12 million tons of US soybeans by the end of this year and a minimum of 25 million tons annually over the next three years.

Meanwhile, Chinese importers have also increased purchases of Brazilian soybeans in recent days, as prices in Brazil eased following the US-China trade truce.

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



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