Soybeans Rise Above $13

2026-09-03 03:10 By Joshua Ferrer 1 min. read

Soybean futures rose above $13.0 per bushel, near their highest level since December 2023 as fresh Chinese buying and signs of tightening crop conditions supported prices.

Private exporters reported fresh sales of 202,000 metric tons of US soybeans to China for delivery in the 2026/27 marketing year, following a 136,000-ton purchase a day earlier.

The latest deals brought Chinese purchases announced since the start of September to 338,000 tons, reinforcing expectations for stronger US export demand as the new marketing year gets underway.

Looking ahead, a potential late-September meeting between Trump and Xi could shape agricultural trade.

Meanwhile, the latest USDA crop-progress report showed US soybean conditions deteriorating, with the good-to-excellent rating falling two percentage points in the week ended August 30, adding to supply concerns ahead of harvest.

Traders now await the USDA’s weekly export-sales report for further signals on overseas demand, particularly from China.



News Stream
Soybeans Rise Above $13
Soybean futures rose above $13.0 per bushel, near their highest level since December 2023 as fresh Chinese buying and signs of tightening crop conditions supported prices. Private exporters reported fresh sales of 202,000 metric tons of US soybeans to China for delivery in the 2026/27 marketing year, following a 136,000-ton purchase a day earlier. The latest deals brought Chinese purchases announced since the start of September to 338,000 tons, reinforcing expectations for stronger US export demand as the new marketing year gets underway. Looking ahead, a potential late-September meeting between Trump and Xi could shape agricultural trade. Meanwhile, the latest USDA crop-progress report showed US soybean conditions deteriorating, with the good-to-excellent rating falling two percentage points in the week ended August 30, adding to supply concerns ahead of harvest. Traders now await the USDA’s weekly export-sales report for further signals on overseas demand, particularly from China.
2026-09-03
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.
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