Soybean Futures Near Year-End Highs

2026-01-20 13:56 By Dongting Liu 1 min. read

Soybean futures hovered around $10.57 a bushel, approaching 2025 year-end highs, as strong US crush demand and continued Chinese buying support prices.

December US soybean crush hit the second-highest monthly level on record.

Crushers have steadily expanded capacity in recent years to meet growing vegetable oil demand from the biofuel sector, with processing accelerating after last fall’s US harvest.

US export momentum remains strong.

The USDA reported a single-day sale of 706,000 tons of soybeans to China this week.

For the week ending January 8, net US soybean sales for 2025/26 totaled 2.06 million tons, up 54% from the four-week average and marking the third-highest weekly level of the year.

However, pressure from Brazil’s record harvest is limiting further gains.

Agroconsult forecasts Brazil’s 2025/26 soybean production at around 182.2 million tonnes, setting a new record.



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