On the Chicago exchange, speculative growth in soybean quotes began, driven by new expectations of China resuming purchases.

Soybean quotations on the Chicago exchange continue to react to rumors of China purchasing a large batch of soybeans from the USA, although official Beijing has not yet confirmed the White House's statement that China has committed to buying 12 million tons of soybeans from the USA by the end of the year, and US Trade Minister Bessent has already stated that the purchase could take place by spring next year. Chicago January soybean futures fell by 1.8% after the release of Friday's USDA report but rose by 2.9% yesterday to a 1.5-year high of $425/ton amid rising US processing volumes and rumors of China purchasing 840,000 tons of US soybeans. According to the NOPA association, soybean processing in the USA in October increased by 15% compared to September to a record level of 227.65 million tons, and soybean oil stocks increased by 5% to 592.5 thousand tons, which is 22% higher than last year. In this context, Chicago December soybean oil futures rose by 1.8% yesterday to ...