Soybeans Hit Nearly 3-Year High

2026-09-01 03:49 By Joshua Ferrer 1 min. read

Soybean futures climbed above $12.8 per bushel, hitting their highest level in almost three years as the Trump administration’s latest biofuel policy boosted expectations for soybean demand.

The EPA granted 1.76 billion renewable fuel credits in small-refinery exemptions for the 2025 compliance year, nearly double its earlier estimate.

However, the agency plans to shift the difference between projected and actual exemptions into the 2026 and 2027 mandates, effectively preserving the lost biofuel demand in future years.

The move eased concerns that expanded refinery waivers would trigger a significant decline in crop demand.

Soybeans are a key biodiesel feedstock, making biofuel mandates crucial for demand.

Meanwhile, Chinese buying has remained supportive, with US exporters reporting multiple sales to China for 2026/27 delivery, including 333,000 metric tons on August 26, following purchases of 488,000 tons on August 3, 238,000 tons on August 7 and 244,000 tons on August 12.



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Soybeans Hit Nearly 3-Year High
Soybean futures climbed above $12.8 per bushel, hitting their highest level in almost three years as the Trump administration’s latest biofuel policy boosted expectations for soybean demand. The EPA granted 1.76 billion renewable fuel credits in small-refinery exemptions for the 2025 compliance year, nearly double its earlier estimate. However, the agency plans to shift the difference between projected and actual exemptions into the 2026 and 2027 mandates, effectively preserving the lost biofuel demand in future years. The move eased concerns that expanded refinery waivers would trigger a significant decline in crop demand. Soybeans are a key biodiesel feedstock, making biofuel mandates crucial for demand. Meanwhile, Chinese buying has remained supportive, with US exporters reporting multiple sales to China for 2026/27 delivery, including 333,000 metric tons on August 26, following purchases of 488,000 tons on August 3, 238,000 tons on August 7 and 244,000 tons on August 12.
2026-09-01
Soybean Futures Extend Rally
Soybean futures climbed toward $12.8 per bushel, extending their rally to the highest level since December 2023 as concerns over crop conditions and strong Chinese demand continued to boost the market. 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.
2026-08-27