Soybean Futures Retreat Amid Strong South American Supply

2025-12-31 15:58 By Dongting Liu 1 min. read

Soybean futures retreated to around $10.40 per bushel, pressured by improved South American crop prospects, despite earlier gains driven by the late-October US-China trade truce and expectations of renewed Chinese demand, which had pushed prices to over one-year high of $11.57 on November 17.

The subsequent pullback reflected slower-than-expected Chinese purchases, robust South American production forecasts, and year-end profit-taking.

Over 2025, soybean futures still posted a modest gain of roughly 4%, though the market structure has shifted materially.

Brazil and Argentina have further strengthened their positions in global soybean supply, intensifying competition for US exports, while US soybean export sales for the marketing year are down 33% year-on-year, marking a 14-year low.

Looking ahead, market focus will remain on China’s buying pace and the final yield outcomes from South American producers.



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