Soybeans ($SOY) Commodity Forecast: Up 0.9% Today

What is Soybeans?

Soybeans are a widely traded agricultural commodity used for various purposes including food, animal feed, and biofuels. The market for soybeans is heavily influenced by factors such as global demand, weather conditions, and trade agreements.

Why is Soybeans going up?

SOY commodity is up 0.9% on Oct 30, 2025 11:40

• The bullish movement in soybeans today can be attributed to the optimism surrounding the US-China trade talks and the potential increase in soybean purchases by China.
• President Trump's announcement of China pledging to buy significant volumes of US soybeans immediately after the meeting with President Xi Jinping has fueled market sentiment.
• The prospect of increased US supply to China and the potential easing of trade tensions could put pressure on Brazilian soybean prices, as China is a significant market for Brazilian exports.
• The market tracking has been impacted by the partial US government shutdown, but private analysts estimate a substantial portion of the 2025 US crop has already been harvested, adding to the positive outlook for soybeans.

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Soybean Futures Retreat

Soybean futures fell more than 1% to $10.60 per bushel after climbing to their highest level in more than 15 months, following US-China trade talks. President Trump announced that China had pledged to purchase “tremendous” volumes of US soybeans and other agricultural products immediately after his meeting with President Xi Jinping in South Korea. Earlier this week, China had bought three US soybean cargoes, its first purchases from this year’s harvest. State-owned COFCO bought about 180,000 tons for December and January shipment via Pacific Northwest ports. The prospect of increased US supply to China could weigh on Brazilian soybean prices, as China accounted for over 77% of Brazil’s exports from January to September 2025. Brazilian National Association of Grain Exporters estimates October exports at 7 million tons, down from 7.34 million tons estimated a week earlier but still up 58.0% from October 2024.

Soybean Futures Near 15-Month High

Soybean futures hovered around $10.70 per bushel, nearing the 15-month high hit on October 28, as investors remained optimistic about a US-China trade deal. China repurchased three US soybean cargoes this week, marking its first imports from the new harvest. State-owned COFCO bought about 180,000 tons for December and January shipment via Pacific Northwest ports. The purchases come ahead of a US-China presidential meeting, signaling potential easing of trade tensions. A potential deal could pressure Brazilian soybean prices, as China accounted for over 77% of Brazil’s exports from January to September 2025. Brazilian National Association of Grain Exporters estimates October exports at 7 million tons, down from 7.34 million tons estimated a week earlier but still up 58.0% from October 2024. Meanwhile, market tracking has been limited by the ongoing partial US government shutdown, though private analysts estimate over 80% of the 2025 US crop has been harvested.

China Buys First U.S. Soybeans Ahead of Trump–Xi Summit

China reportedly purchased three U.S. soybean cargoes this week, marking its first imports from the new U.S. harvest, Reuters reported, citing two trade sources. State-owned COFCO bought around 180,000 metric tons of soybeans for December and January shipment through Pacific Northwest ports. The purchases come ahead of this week’s summit between U.S. President Donald Trump and Chinese President Xi Jinping, signaling a potential easing of trade tensions between the two nations.

Soybeans Hits 15-month High

Soybeans increased to 1080.00 USd/Bu, the highest since July 2024. Over the past 4 weeks, Soybeans gained 6.87%, and in the last 12 months, it increased 11.88%.

Soybean Futures Surge to 4-Month High

Soybean futures rallied toward $10.6 per bushel, the highest since late June, as renewed optimism over China’s soybean purchases bolstered market sentiment. Traders are closely watching a highly anticipated meeting this week in South Korea between US President Donald Trump and Chinese President Xi Jinping. Following the latest China–US trade consultations, the Chinese side said both countries reached basic consensus on key economic and trade issues, including agricultural trade. US Treasury Secretary Scott Besent noted that, under the soon to be finalized agreement, China is expected to purchase a “substantial” volume of soybeans. On the supply side, Brazil is projected to increase soybean acreage by 3.5% to 121 million acres, while Argentina’s soybean processing in September climbed to 4.13 million tonnes, the highest level in 11 months.

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Soybeans Price History

08.10.2024 - SOY Commodity was up 2.5%

• The bullish movement in soybean prices today can be attributed to the rebound from a recent nine-week low, supported by strong U.S. demand and rising crude oil prices.
• The increase in soybean futures was also driven by higher U.S. soybean exports reported by the USDA, indicating healthy demand for the commodity.
• Despite the downward pressure from a stronger U.S. dollar and ample supply, the market sentiment turned positive due to the supportive factors of demand and export figures.
• The shift in planting patterns in Argentina and Brazil towards soybeans due to low corn prices and expected dry conditions also contributed to the bullish movement in soybean prices.

04.03.2025 - SOY Commodity was down 2.0%

• The bearish movement in Soybeans today is due to escalating trade tensions between the U.S. and its major trading partners, particularly China. This has raised fears of retaliatory tariffs on American agricultural products.
• The market was further influenced by higher-than-expected soybean stockpiles reported by the USDA, indicating ample domestic supplies and increased competition from South America.
• Uncertainty regarding U.S. import tariffs and their potential impact on soybean exports added to the downward pressure on prices.
• Traders monitored weather conditions in key growing regions and awaited new estimates on U.S. plantings, which were anticipated to indicate a reduction in soybean acreage, further impacting market sentiment.

13.05.2025 - SOY Commodity was up 0.9%

• Weak demand for soyoil and biodiesel fuel contributed to the decline in soybean futures prices.
• The USDA's unchanged forecast for US soybean supply, usage, and average price at $10.25 per bushel maintained market stability.
• Global adjustments, including increased beginning stocks and ending stocks primarily in China, added to the cautious sentiment in the soybean market.
• Despite steady domestic fundamentals, bearish sentiment in soy product markets and global factors kept soybean futures under pressure, leading to a decline in prices.

30.09.2025 - SOY Commodity was up 0.9%

• The bullish movement in soybeans today can be attributed to the optimism surrounding the US-China trade talks and the potential increase in soybean purchases by China.
• President Trump's announcement of China pledging to buy significant volumes of US soybeans immediately after the meeting with President Xi Jinping has fueled market sentiment.
• The prospect of increased US supply to China and the potential easing of trade tensions could put pressure on Brazilian soybean prices, as China is a significant market for Brazilian exports.
• The market tracking has been impacted by the partial US government shutdown, but private analysts estimate a substantial portion of the 2025 US crop has already been harvested, adding to the positive outlook for soybeans.

30.09.2025 - SOY Commodity was down 0.4%

• Despite recent optimism surrounding a potential US-China trade deal and increased soybean purchases by China, the market saw a bearish movement, possibly due to profit-taking by investors after a period of significant gains.
• The ongoing partial US government shutdown limiting market tracking data may have added uncertainty and contributed to the bearish sentiment.
• The record soybean harvest projections in Brazil and the anticipation of increased acreage in Argentina could have also weighed on prices, as higher supply expectations may have dampened market outlook.
• It's essential to monitor further developments in US-China trade negotiations and global crop yields to gauge future market movements for soybeans.

10.00.2025 - SOY Commodity was up 2.8%

• Soybean futures dropped below $10 per bushel as profit-taking occurred following forecasts of rain in drought-affected areas of Argentina.
• Concerns about the possible impact of proposed tariffs by President-elect Donald Trump on U.S. soybean prices are creating market uncertainty, potentially leading to prices below farmers' production costs.
• The combination of improved weather conditions in Argentina and trade policy worries is contributing to price volatility in the soybean market. Traders are closely watching these factors for future market trends.

11.07.2025 - SOY Commodity was up 1.5%

• The bullish movement in soybeans today can be attributed to a rebound from a four-month low, driven by renewed demand for the oilseed due to lower prices.
• Strong weekly net export sales reported by the USDA and increased buying interest, particularly from export markets, have boosted optimism for demand, contributing to the price recovery.
• The competitiveness of US soybeans abroad has been enhanced by the recent price drop and dollar weakness, attracting buyers and supporting the upward movement in prices.
• Despite concerns about ample supply and favorable growing conditions in the US, factors such as fund short covering and expectations of slower growth in Brazil's soybean area have helped support soybean prices and led to today's bullish market movement.

12.07.2023 - SOY Commodity was down 7.2%

• The bearish movement in soybeans can be attributed to the following factors:
• 1. Rainy weather and good growing conditions: The rainy weather across the key U.S. crop belt and forecasts for favorable growing conditions in August have raised expectations of a strong soybean crop. This has led to increased supply expectations, putting downward pressure on soybean prices.
• 2. Strong supply from China: The news of private exporters reporting the sale of a significant amount of soybeans to China for delivery in the future marketing year indicates a strong supply from China. This suggests that the demand for soybeans may not be as robust as previously anticipated, further contributing to the bearish movement.
• 3. Previous concerns easing: The bearish movement in soybeans comes after the market reached an over 1-year high fueled by concerns over crop yields in the United States and improved Chinese demand prospects. With these concerns easing, investors may be taking profits and driving down prices.
• Overall, the bearish movement in soybeans can be attributed to favorable growing conditions, strong supply from China, and profit-taking after previous concerns eased.

31.02.2025 - SOY Commodity was down 0.5%

• Soybean futures surged to a 4-week high of $10.30 per bushel, driven by anticipation of reduced U.S. plantings and concerns over potential retaliatory tariffs in the escalating trade war.
• The announcement of reciprocal tariffs targeting all nations, along with reports of a more aggressive stance on tariffs, added to the uncertainty in the soybean market.
• Despite the recent gains, soybeans have faced a significant decline of 14.55% over the past year, reflecting the ongoing challenges and fluctuations in the market.

10.06.2024 - SOY Commodity was down 2.9%

• Soybeans hit a 10-week low at 1142.00 USd/Bu, signaling a significant downward trend.
• Over the past 4 weeks, there has been a continuous decrease with a substantial 17.04% drop in the last 12 months, indicating a persistent bearish sentiment.
• Possible factors contributing to the downward pressure on soybean prices may include oversupply, trade tensions affecting export demand, and unfavorable weather conditions impacting crop yields.

12.07.2025 - SOY Commodity was up 0.7%

• Comments on China potentially increasing soybean orders from the U.S. led to a surge in soybean futures, showcasing the market's sensitivity to trade dynamics influenced by global events.
• Despite the temporary rally, ongoing concerns about the bumper U.S. harvest and China's preference for South American supplies continue to exert downward pressure on soybean prices.
• The upcoming report on corn and soybean production estimates is anticipated to provide further insight into the supply outlook, with expectations of a large harvest contributing to market uncertainties.
• The recent rebound in soybean prices from a four-month low was driven by increased buying interest due to lower prices, strong export sales, and fund short covering, highlighting the market's responsiveness to pricing and demand dynamics.

14.07.2024 - SOY Commodity was down 6.3%

• The near 4-year low in soybean prices reflects a pronounced downward trajectory.
• Ongoing price declines indicate a potential imbalance between supply and demand.
• The market's bearish trend may be influenced by trade disputes, weather-related harvest issues, or changing consumer preferences impacting soy product demand.