Soybean Futures Climb to 2-Month High

2026-02-04 16:59 By Agna Gabriel 1 min. read

Soybean futures rose past $11 per bushel, the highest in two months, after US President Donald Trump said China plans to lift purchases of US soybeans to 20 million tons this season and 25 million tons next season.

By late January, China had already bought about 12 million tons, meeting a US pledge following the late-October trade truce.

As the world’s largest buyer of US soybeans, China’s purchases are closely watched for signs of further demand, especially after previously exiting the market during the trade war.

Traders also welcomed updated US Treasury guidance on biofuel tax credits, providing clarity for biofuel producers.

Despite these bullish factors, ample global supply continues to limit price gains, while market participants await next Tuesday’s USDA crop forecasts for fresh direction.



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