Soybean Futures Hover at 3-Month High
2026-02-25 16:50
By
Agna Gabriel
1 min. read
Soybean futures hovered around $11.40 per bushel, near a three-month high, as Chinese buyers returned after the Lunar New Year, reviving optimism for large-scale exports.
Support comes from the "Busan Truce," a trade agreement between Presidents Trump and Xi reportedly setting a 20-million-metric-ton purchase target for the year.
However, gains are limited by tariff uncertainty and shifts in US policy after the Supreme Court struck down sweeping tariffs, raising fears that additional 8-million-ton purchases may be canceled.
Pressure also comes from a record Brazilian harvest, projected at 180 million metric tons, with prices well below US values.
Traders now watch whether China will make “goodwill” purchases ahead of a planned April summit to support market levels.