Soybeans Hits 9-week High

Soybean futures in the US extended their rally to $11.15 per bushel in February, the highest in two months, on renewed interest in US soybean shipments from China. President Donald Trump stated that China would lift purchases of domestic soybeans to 20 million tonnes this year and 25 million tonnes in the upcoming year. The measures signal the attempt by Trump to engage support for farmers after China shunned US grain following the trade war between both countries. The pledges could drive Chinese consumers to pay premiums on 8 million tonnes of the orders when compared to cheaper South American alternatives, especially due to the strong Brazilian harvest. Ample supply from Brazil, the world's top producer, drove US premiums over CBOT contracts to hover nearly double those from Brazilian benchmarks.

Soybeans increased to 1116.00 USd/Bu, the highest since December 2025. Over the past 4 weeks, Soybeans gained 5.87%, and in the last 12 months, it increased 6.2%.

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.