Soybeans Ease to Over 2-Week Low

2026-09-28 10:20 By Agna Gabriel 1 min. read

Soybean futures fell below $13 a bushel, their lowest level in more than two weeks, as traders welcomed a US-China agreement to reduce tariffs on roughly $30 billion worth of imports from each country.

Although the agreement does not directly cover soybeans, China’s tariff reductions include corn and wheat, while the two countries also agreed to establish an agricultural working group.

Meanwhile, China has already purchased more than half of its earlier annual pledge to buy 25M tons of US soybeans.

Still, soybean prices remained close to the 3-1/2-year high of $13.3 reached on September 10, as elevated global energy prices and policy incentives promoting cleaner fuels have boosted crushing activity, drawing more supplies into biofuel production.

Meanwhile, persistent rains have delayed the early US harvest tightening supplies available to processors at a time when domestic crushing demand is strong.

The USDA expects US soybean crushing to reach a record 2.78B bushels in 2026/27.



News Stream
Soybeans Ease to Over 2-Week Low
Soybean futures fell below $13 a bushel, their lowest level in more than two weeks, as traders welcomed a US-China agreement to reduce tariffs on roughly $30 billion worth of imports from each country. Although the agreement does not directly cover soybeans, China’s tariff reductions include corn and wheat, while the two countries also agreed to establish an agricultural working group. Meanwhile, China has already purchased more than half of its earlier annual pledge to buy 25M tons of US soybeans. Still, soybean prices remained close to the 3-1/2-year high of $13.3 reached on September 10, as elevated global energy prices and policy incentives promoting cleaner fuels have boosted crushing activity, drawing more supplies into biofuel production. Meanwhile, persistent rains have delayed the early US harvest tightening supplies available to processors at a time when domestic crushing demand is strong. The USDA expects US soybean crushing to reach a record 2.78B bushels in 2026/27.
2026-09-28
Soybeans Trade Sideways
Soybean futures consolidated near $13 per bushel, holding close to their highest levels since December 2023 as traders awaited details from a 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