Soybean Futures Hit Highest Since July 2024

2025-11-13 11:31 By Joana Ferreira 1 min. read

Soybean futures rose above $11.20 per bushel, marking their highest level since July 2024, as markets anticipate Friday’s USDA update on global supply and demand, the first in several weeks.

Gains were moderated by the lack of large-scale purchases from China, despite recent modest buying of US farm products following a US-China meeting last month.

The White House has said Beijing pledged to purchase 12 million tons by year-end, but traders are still awaiting major soybean deals.

Chinese state trader COFCO announced agreements to buy over $10 million of Brazilian soybeans and other agricultural products, without mentioning any US purchases.

Looking ahead, investors expect the US soybean yield in Friday’s report to come in at 53.1 bushels per acre, slightly below the USDA’s September 12 estimate of 53.5 bpa.



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