Soybeans Rebound on Brazil Planting Delays

2026-10-07 02:44 By Joshua Ferrer 1 min. read

Soybean futures climbed toward $13.1 per bushel, bouncing off from multi-week lows as slower planting in Brazil and signs of continued export demand lifted prices.

About 7.3% of soybean crop in Brazil, the world’s largest exporter, had been planted as of Thursday, below 9% a year earlier, with consultancy AgRural estimating 2026/27 production at 182.7 million metric tons.

The USDA has a higher forecast of 186 million tons, which would exceed last year’s record 180.5 million tons.

On the demand side, an unnamed buyer purchased 104,000 tonnes of US soybeans, while US export inspections reached 3.99 million tonnes since the start of September, up from 3.05 million tonnes a year earlier.

However, gains remained limited by expectations for a large US crop and weak Chinese demand.

China’s soybean purchases are being constrained by high inventories, poor crushing margins and an additional 10% tariff on US soybeans, while private buyers continue to favor supplies from Brazil and Argentina.



News Stream
Soybeans Rebound on Brazil Planting Delays
Soybean futures climbed toward $13.1 per bushel, bouncing off from multi-week lows as slower planting in Brazil and signs of continued export demand lifted prices. About 7.3% of soybean crop in Brazil, the world’s largest exporter, had been planted as of Thursday, below 9% a year earlier, with consultancy AgRural estimating 2026/27 production at 182.7 million metric tons. The USDA has a higher forecast of 186 million tons, which would exceed last year’s record 180.5 million tons. On the demand side, an unnamed buyer purchased 104,000 tonnes of US soybeans, while US export inspections reached 3.99 million tonnes since the start of September, up from 3.05 million tonnes a year earlier. However, gains remained limited by expectations for a large US crop and weak Chinese demand. China’s soybean purchases are being constrained by high inventories, poor crushing margins and an additional 10% tariff on US soybeans, while private buyers continue to favor supplies from Brazil and Argentina.
2026-10-07
Soybeans Trade Near Multi-Week Lows
Soybean futures traded below $12.8 per bushel, near multi-week lows as harvest pressure from an expected record-large US crop weighed on prices. A wet late summer and early autumn slowed the harvest pace, but the arrival of new supplies continued to pressure the market. The harvest was 17% complete as of September 27, matching the five-year average, with the crop rated 58% good or excellent. Expectations of a weaker August soybean crush added pressure, with processors crushing 209.6 million bushels, below the average trade estimate. Weak Chinese demand also weighed on prices as soybeans were excluded from China’s latest US agricultural tariff cuts and remain subject to an additional 10% tariff. Chinese crushers have covered much of their needs through early 2027 with South American supplies, while high inventories and weak margins limit fresh purchases. Still, US export demand remains firm, with weekly sales at 1.03 million tonnes for 2026/27, including 589,400 tonnes to China.
2026-10-02
Soybeans Hover at 1-Month Low
Soybean futures traded below $13 per bushel, near four-week lows as disappointment over the latest US-China trade agreement weighed on demand prospects. China agreed to reduce tariffs on a range of US agricultural products, including corn, wheat, soyoil and soymeal, but US soybeans were excluded, leaving them subject to an additional 10% tariff, which continues to discourage Chinese buyers. Chinese state-owned buyers have purchased more than 12 million tonnes of US soybeans, nearly half of the 25 million tonnes the White House said Beijing committed to buying annually through 2028, but no new purchase commitments were announced and the trade truce was extended only through January 10. Meanwhile, the USDA reported harvest at 17% complete as of September 27, matching the five-year average, while export inspections rose to 1.15 million tons in the latest week from 769,698 tons previously. The crop was also rated 58% good-to-excellent, unchanged from the prior week.
2026-09-29