Soybeans Bounce Back Toward $12

2026-11-09 03:31 By Joshua Ferrer 1 min. read

Soybean futures rose toward $12 per bushel, rebounding from a recent three-month low as fresh export sales to China encouraged bargain buying.

The USDA reported a private sale of 136,000 metric tons of US soybeans to China for delivery in the 2026/27 marketing year on November 6, marking the fifth business day in six with announced soybean sales to the Asian buyer.

US export demand has also remained relatively strong, with shipments reaching a marketing-year high of 2.531 million metric tons in the week ended October 29.

However, gains could remain limited by expectations of abundant supplies, as the US harvest was 88% complete by November 1, ahead of the five-year average, while favorable planting conditions in Brazil point to strong competition from South America.

Traders are now awaiting Tuesday's USDA WASDE report for updated estimates on US production, exports and ending stocks, with expectations of a further increase in the already-record US crop weighing on the outlook.



News Stream
Soybeans Bounce Back Toward $12
Soybean futures rose toward $12 per bushel, rebounding from a recent three-month low as fresh export sales to China encouraged bargain buying. The USDA reported a private sale of 136,000 metric tons of US soybeans to China for delivery in the 2026/27 marketing year on November 6, marking the fifth business day in six with announced soybean sales to the Asian buyer. US export demand has also remained relatively strong, with shipments reaching a marketing-year high of 2.531 million metric tons in the week ended October 29. However, gains could remain limited by expectations of abundant supplies, as the US harvest was 88% complete by November 1, ahead of the five-year average, while favorable planting conditions in Brazil point to strong competition from South America. Traders are now awaiting Tuesday's USDA WASDE report for updated estimates on US production, exports and ending stocks, with expectations of a further increase in the already-record US crop weighing on the outlook.
2026-11-09
Soybeans Remain at 3-Month Low
Soybean futures held around $11.8 per bushel, sitting at their lowest level in three months, as expectations of abundant global supplies and concerns over Chinese demand weighed on prices. The US harvest was 88% complete as of November 1, four percentage points ahead of the five-year average, keeping production on track for a record. Competition from Brazil added to the pressure, with a weaker real making its exports more competitive, while planting for the 2026/27 crop reached 53% of the projected area, six percentage points ahead of last year's pace. Demand concerns also grew as China's soybean oil inventories climbed to nearly 1.5 million tons, reflecting strong crushing activity outpacing sluggish consumption. However, export demand offered some support, with US soybean shipments reaching a marketing-year high in the latest reported week. Traders now await the USDA's November WASDE report for updated estimates on production, demand and ending stocks.
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Soybeans decreased to 1215.00 USd/Bu, the lowest since August 2026. Over the past 4 weeks, Soybeans lost 5.97%, and in the last 12 months, it increased 11.42%.
2026-10-29