Soybean Futures Slip on Ample South American Supplies

2025-12-29 11:48 By Dongting Liu 1 min. read

Soybean futures dipped to $10.50 per bushel, as abundant global supplies continue to weigh on the market.

In Brazil, 98% of the 2025/26 soybean crop has been planted, with consultancy AgRural raising its production forecast to 180.4 million tons, up from 178.5 million tons in November.

Favorable rainfall continues to support crop conditions.

In Argentina, the Buenos Aires Grain Exchange reported 75.5% of the 2025/26 soybean crop had been sown as of December 23, up from 67.3% a week earlier, with 95.2% rated from normal to excellent.

In the US, brokerage StoneX noted that China has purchased over 8 million tons of American soybeans, although official USDA data remains lower.

Soybeans are set to finish 2025 roughly 7% higher, supported by strong demand, particularly for biodiesel in Brazil, while global competition kept US prices range-bound.

Ongoing uncertainty from the US-China tariff dispute weighed on Chinese demand, though a late-year commitment from Beijing offered some support.



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