Soybean Futures Edge Higher on Chinese Demand

2025-11-27 11:28 By Dongting Liu 1 min. read

Soybean futures edged up to around $11.30 a bushel, approaching a one-week high, primarily driven by Chinese buying.

Traders reported that China has purchased at least 10 cargoes of US soybeans since Tuesday, bringing total imports from late October to roughly 3.5 million tons, or about 30% of Beijing’s 12-million-ton procurement target.

Following a call earlier this week between US President Donald Trump and Chinese officials, Trump said he urged China to accelerate and expand purchases of American goods.

Meanwhile, in South America, Brazil’s National Association of Grain Exporters (ANEC) revised November soybean exports to 4.4 million tons, down 310,000 tons from last week’s estimate of 4.71 million tons, but still up 88% from 2.339 million tons in November 2024.



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