Soybean Futures Retreat Amid Focus on Chinese Buying

2025-11-05 11:54 By Dongting Liu 1 min. read

Soybean futures hovered around $10.9 per bushel, retreating from a 16-month high of $11.2, as weak Chinese demand for US soybeans capped price gains.

China has confirmed it will suspend retaliatory tariffs on US agricultural products from November 10, but US soybeans still face a 13% import tariff, higher than the 3% levied on Brazilian and Argentine supplies, keeping US prices relatively expensive.

Chinese buyers have recently increased purchases of Brazilian soybeans, reportedly booking 10 cargoes for December delivery and another 10 for March–July 2026.

The US authorities indicated China plans to purchase 12 million tons of US soybeans in November and December, though there has so far been no clear sign of large-scale buying.

The ongoing US government shutdown has also halted the USDA’s usual flash export sales reports, making it harder for market participants to confirm sales to China.



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