Soybean Futures Drop to October Lows

2025-12-19 12:33 By Dongting Liu 1 min. read

Soybean futures fell toward $10.5 per bushel, hitting their lowest level since late October, as weaker-than-expected US exports and abundant global supply weighed on the market.

The US had initially planned to sell 12 million tons of soybeans to China, but purchases have amounted to less than 5 million tons so far.

Although Chinese state-owned enterprises, including Cofco and Sinograin, have increased purchases in recent weeks, overall progress remains behind commitments.

Delayed USDA weekly export sales data show that as of November 27, total US soybean exports reached 21.829 million tons, down 39.3% year-on-year.

At the same time, favorable weather in South America is supporting ample supply.

Inexpensive Brazilian soybeans are expected to enter the market starting in late January, adding further downward pressure.

Amid the ongoing downtrend, short-covering activity has been active.



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