Soybeans Trade Sideways

2026-09-25 01:59 By Joshua Ferrer 1 min. read

Soybean futures traded around $13 per bushel, moving sideways near their highest since December 2023 as traders awaited details from an anticipated US-China summit and signs of renewed Chinese demand for US crops.

Markets are looking for China to announce specific purchases of US agricultural products or remove its 10% tariff on US soybeans, while Washington and Beijing agreed to extend a pause in their trade war until January 10.

The White House said in May that Beijing had committed to buying at least $17 billion of US agricultural products in 2026, 2027 and 2028, though traders cited limited evidence of follow-through.

Meanwhile, a stronger dollar weighed on grain markets, making US agricultural goods more expensive for importers, while renewed diplomatic efforts in the Ukraine war raised hopes for improved Black Sea export flows.

Focus now turns to USDA quarterly data due next week, expected to show September 1 soybean stocks at 324 million bushels, only slightly below a year ago.



News Stream
Soybeans Trade Sideways
Soybean futures traded around $13 per bushel, moving sideways near their highest since December 2023 as traders awaited details from an anticipated US-China summit and signs of renewed Chinese demand for US crops. Markets are looking for China to announce specific purchases of US agricultural products or remove its 10% tariff on US soybeans, while Washington and Beijing agreed to extend a pause in their trade war until January 10. The White House said in May that Beijing had committed to buying at least $17 billion of US agricultural products in 2026, 2027 and 2028, though traders cited limited evidence of follow-through. Meanwhile, a stronger dollar weighed on grain markets, making US agricultural goods more expensive for importers, while renewed diplomatic efforts in the Ukraine war raised hopes for improved Black Sea export flows. Focus now turns to USDA quarterly data due next week, expected to show September 1 soybean stocks at 324 million bushels, only slightly below a year ago.
2026-09-25
Soybeans Remain Firm Ahead of Trump-Xi Talks
Soybean futures traded above $13 per bushel, near their highest level in almost three years supported by stronger Chinese demand for US supplies and expectations of further purchases ahead of high-level US-China talks. China has already passed the halfway mark of its commitment to purchase 25 million metric tons of US soybeans, while recent US export sales have remained firm, confirmed at about 1.7 million metric tons, driven largely by Chinese demand. The buying comes ahead of a planned meeting between US President Donald Trump and Chinese President Xi Jinping this week, raising hopes for progress on agricultural trade and potentially lower tariffs on US farm goods. Meanwhile attention remains on the US harvest, with soybean harvest reaching 12% completion as of Sunday, ahead of the five-year average, as farmers continued bringing fresh supplies to market. Brazil’s 2026/27 crop is also in focus as planting gets underway, with forecasts pointing to another record harvest.
2026-09-18
Soybeans Rise Above $13
Soybean futures rose above $13 per bushel, near their highest since December 2023 as strong Chinese buying supported the market, while traders weighed the USDA’s latest supply-and-demand report. The USDA’s September WASDE report raised its 2026/27 US soybean production forecast to a record 4.535 billion bushels from 4.519 billion in August, with yields seen at 52.8 bushels per acre. US ending stocks were also projected at 310 million bushels, above market expectations, although down from 320 million in August. Meanwhile, China bought about 1 million metric tons of US soybeans last week, as the world’s top oilseed buyer steps up purchases ahead of Xi Jinping’s expected visit to Washington later this month. Traders now monitored developments in the Iran-US war and its impact on oil prices. Crude remains above $100 per barrel, although prices are easing as Saudi Arabia works to restore pipeline capacity. Soybeans often track oil prices given their use in biofuel production.
2026-09-14