Soybeans Hover Near 3-Month Low

2026-11-10 03:16 By Joshua Ferrer 1 min. read

Soybean futures traded around $11.8 per bushel, near their lowest level since mid-August as traders positioned ahead of the USDA's November WASDE report.

The report is expected to provide fresh estimates for US soybean production and ending stocks, with prospects for a large domestic crop keeping supply concerns in focus.

The US soybean harvest reached 92% completion as of November 8, one percentage point ahead of the five-year average, keeping seasonal supplies flowing into the market.

Meanwhile, renewed hopes for stronger Chinese purchases provided some support following last week's call between US and Chinese trade officials, during which Washington urged Beijing to honor its agricultural purchasing commitments.

China pledged to buy 25 million metric tons of US soybeans annually for three years, alongside an additional $17 billion in US agricultural products each year through 2028.

The talks raised hopes for increased purchases ahead of a possible Trump-Xi meeting later this month.



News Stream
Soybeans Hover Near 3-Month Low
Soybean futures traded around $11.8 per bushel, near their lowest level since mid-August as traders positioned ahead of the USDA's November WASDE report. The report is expected to provide fresh estimates for US soybean production and ending stocks, with prospects for a large domestic crop keeping supply concerns in focus. The US soybean harvest reached 92% completion as of November 8, one percentage point ahead of the five-year average, keeping seasonal supplies flowing into the market. Meanwhile, renewed hopes for stronger Chinese purchases provided some support following last week's call between US and Chinese trade officials, during which Washington urged Beijing to honor its agricultural purchasing commitments. China pledged to buy 25 million metric tons of US soybeans annually for three years, alongside an additional $17 billion in US agricultural products each year through 2028. The talks raised hopes for increased purchases ahead of a possible Trump-Xi meeting later this month.
2026-11-10
Soybeans Bounce Back Toward $12
Soybean futures rose toward $12 per bushel, rebounding from a recent three-month low as renewed hopes for stronger Chinese purchases of US farm goods lifted prices. The rally followed Friday's call between US Treasury Secretary Scott Bessent, Trade Representative Jamieson Greer and China's Vice Premier He Lifeng, during which Washington urged Beijing to honor its agricultural purchasing commitments. China had pledged to buy 25 million metric tons of US soybeans annually for three years, alongside an additional $17 billion in US agricultural products each year through 2028. The talks raised hopes for increased purchases ahead of a possible Trump-Xi meeting later this month. However, actual buying remains uncertain, as further purchases could depend on tariff negotiations. Soybeans had fallen below $12 last week on ample supplies and weak export demand. Traders now await Tuesday's USDA WASDE report for updated production, export and stock estimates.
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.
2026-11-04