Chicago soybean futures hit 16-month highs on Monday on expectations China will restart large-scale U.S. soy buying after the two countries reached a deal to de-escalate their trade war.
U.S. soybean futures climbed to a 15-month high and posted their biggest monthly gain in nearly five years on Friday following a rally fueled by the prospect of revived exports to China.
U.S. soybean futures reached a 15-month high on Thursday after President Donald Trump’s administration said top-importer China agreed to buy tens of millions of tons of American crops in the next few years as part of a trade truce.
Chicago Board of Trade soybean futures hovered near a 15-month high on Wednesday after trade sources said China made its first purchases from the autumn U.S. harvest ahead of a summit between leaders Donald Trump and Xi Jinping.
Chicago soybean futures reached their highest in 15 months on Tuesday, briefly topping $11 a bushel on optimism that the U.S. could reach a trade deal with China as leaders from both countries are expected to meet in South Korea on Thursday.
Indian farmers’ hopes for bumper crops following this year’s abundant monsoon rains were dashed by heavy downpours just before harvest that damaged their fields.
U.S. soybean futures jumped to their highest level in more than four months on Monday on hopes that China will resume buying American supplies after President Donald Trump said the countries were set to reach a trade deal during his trip to Asia this week.
With Alberta’s harvest virtually wrapped up for 2025, provincial Agriculture Minister RJ Sigurdson offered the government’s congratulations to the province’s farmers.
Manitoba Agriculture issued its final crop report of 2025, showing the overall provincewide harvest at 97 per cent complete as of Oct. 20. Nearly all major crops have finished combining, with 37 per cent of Manitoba’s sunflowers finished, plus 71 per cent of grain corn and small amounts of soybeans and potatoes left to do.
The United States grain and oilseed markets are currently dominated by two factors, said Ryan Ettner, broker with Allendale Inc. in McHenry, Ill. Ettner said those are the absence of a trade deal with China and the ongoing United States government shutdown.