Soybean Futures Extend Rally

2026-08-28 02:53 By Joshua Ferrer 1 min. read

Soybean futures climbed further above $12.6 per bushel, extending their rally to the highest level since December 2023 as concerns over crop conditions and strong Chinese demand continued to support prices.

US exporters have reported a series of soybean sales to China for the 2026/27 marketing year, including a fresh 333,000 metric ton purchase announced on August 26.

The latest deal adds to several large sales earlier this month, with USDA reporting purchases of 488,000 tons on August 3, 238,000 tons on August 7, and another 244,000 tons on August 12.

Meanwhile, extreme heat and heavy rainfall across major Chinese growing regions are threatening soybean quality and yields, potentially increasing the country’s reliance on imports.

US crop concerns also supported prices after the USDA’s good-to-excellent soybean rating fell to 60% from 61% a week earlier.

Markets now await a potential late-September meeting between Presidents Trump and Xi that could shape agricultural trade.



News Stream
Soybean Futures Extend Rally
Soybean futures climbed further above $12.6 per bushel, extending their rally to the highest level since December 2023 as concerns over crop conditions and strong Chinese demand continued to support prices. US exporters have reported a series of soybean sales to China for the 2026/27 marketing year, including a fresh 333,000 metric ton purchase announced on August 26. The latest deal adds to several large sales earlier this month, with USDA reporting purchases of 488,000 tons on August 3, 238,000 tons on August 7, and another 244,000 tons on August 12. Meanwhile, extreme heat and heavy rainfall across major Chinese growing regions are threatening soybean quality and yields, potentially increasing the country’s reliance on imports. US crop concerns also supported prices after the USDA’s good-to-excellent soybean rating fell to 60% from 61% a week earlier. Markets now await a potential late-September meeting between Presidents Trump and Xi that could shape agricultural trade.
2026-08-28
Soybeans Rally to 26-Month High
Soybean futures climbed to around $12.5 per bushel, hitting their highest level since May 2024 as strong Chinese demand for US supplies boosted the market. USDA reported a private sale of 333,000 metric tons of US soybeans to China for 2026/27 delivery, adding to a broader wave of buying by the world’s largest soybean importer. US soybean sales for 2026/27 have already reached 1.723 million tonnes in the latest reporting week, of which China accounted for 1.131 million tonnes, or nearly two-thirds of total sales. China’s Sinograin also sold 222,782 tons of the 290,000 tons of imported soybeans through an auction, showing continued strong demand. Markets are now watching a potential late-September meeting between Presidents Trump and Xi that could shape agricultural trade. Meanwhile, concerns over the US crop are adding further support after the USDA’s latest crop report showed the share of soybeans rated good-to-excellent falling to 60% from 61% a week earlier.
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Soybeans Hits 26-month High
Soybeans increased to 1251.00 USd/Bu, the highest since May 2024. Over the past 4 weeks, Soybeans gained 3.45%, and in the last 12 months, it increased 21.71%.
2026-08-26