Soybean Prices Hit October Lows

2026-01-02 11:52 By Dongting Liu 1 min. read

Soybean futures fell to around $10.30 per bushel, lowest since late October, as rising South American output and weak US exports pressure the market.

Favorable weather in Brazil has lifted forecasts for the 2025/26 soybean crop to over 180 million tons, exceeding USDA estimates and last season’s 171.5 million tons, with harvesting set to begin at the end of January.

A new law in Mato Grosso removing tax breaks for forest protection program participants could boost unverified soybean supply and allow Amazonian farmers to expand planting.

Meanwhile, US soybean sales to China remain weak, prompting a downward revision of US 2025/26 exports to 44.5 million tons, down from 51.2 million tons last season.

In addition, under the US Department of Agriculture’s $12 billion farm aid package, soybean growers are slated to receive roughly $30.88 per acre, far below subsidies for rice ($132.89) and cotton ($117.35), offering limited relief amid mounting economic pressures on US soybean producers.



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