Soybean Futures Dip on Brazil Crop and US-China Trade Outlook

2025-12-03 12:16 By Dongting Liu 1 min. read

Soybean futures slipped below $11 a bushel, down from $11.4 at the start of the month, as the market lacked fresh demand catalysts and expected a strong South American harvest.

Brazil’s 2025/26 soybean crop is widely forecast to hit a record high, though drought risks in the southern regions remain under close watch.

As of Nov. 29, 2025, planting progress in Brazil stood at 86%, up from 78% a week earlier.

Attention is also on China’s demand for US soybeans, with the USDA not reporting any new sales to the country on Tuesday.

After months of stalled trade, US soybean exports to China are picking up, with at least six Gulf Coast shipments scheduled by mid-December.

The White House says China aims to buy 12 million tons of US soybeans by year-end, though Beijing has yet to confirm.

Meanwhile, the Trump administration is expected to unveil an aid package for farmers hit by low crop prices and trade disruptions, as markets shift their focus to next week’s USDA WASDE report.



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