Prices for soybeans in the U.S. reached a 15-month high amid hopes for a trade deal between the U.S. and China.
Published 2025년 10월 29일
Tridge summary
Global grain and oilseed markets
On Tuesday, soybean futures in Chicago reached their highest level in 15 months, briefly exceeding $11 per bushel amid optimism that the U.S. could reach a trade agreement with China, as leaders from both countries are expected to meet in South Korea on Thursday.
Corn and wheat followed soybeans higher, although all three markets closed below their session highs due to pressure from profit-taking and farmer selling as producers locked in prices.
The outlook for soybean exports remained a focal point for grain markets. Trump said on Monday that the U.S. and China, the world's largest buyer of soybeans, are ready to conclude a trade agreement, while Treasury Secretary Scott Bessent told NBC on Sunday that China will make "substantial" purchases of soybeans under the proposed scheme.
"It's all about the optimism that prevailed at the meeting on Thursday, in the hope that, quoting..."
On Tuesday, soybean futures in Chicago reached their highest level in 15 months, briefly exceeding $11 per bushel amid optimism that the U.S. could reach a trade agreement with China, as leaders from both countries are expected to meet in South Korea on Thursday.
Corn and wheat followed soybeans higher, although all three markets closed below their session highs due to pressure from profit-taking and farmer selling as producers locked in prices.
The outlook for soybean exports remained a focal point for grain markets. Trump said on Monday that the U.S. and China, the world's largest buyer of soybeans, are ready to conclude a trade agreement, while Treasury Secretary Scott Bessent told NBC on Sunday that China will make "substantial" purchases of soybeans under the proposed scheme.
"It's all about the optimism that prevailed at the meeting on Thursday, in the hope that, quoting..."
Original content
Global grain and oilseed markets On Tuesday, soybean futures in Chicago reached their highest level in 15 months, briefly exceeding $11 per bushel amid optimism that the U.S. could reach a trade agreement with China, as leaders of both countries are expected to meet in South Korea on Thursday. Corn and wheat followed soybeans higher, although all three markets closed below their session highs due to pressure from profit-taking and farmer selling as producers locked in prices. Soybean export prospects remained in focus for grain markets. Trump said on Monday that the U.S. and China, the world's largest soybean buyer, were ready to strike a trade deal, while Finance Minister Scott Morrison told NBC on Sunday that China would make "substantial" soybean purchases under the proposed scheme. "It's all about the optimism that was in the meeting on Thursday, in hopes that, quote, 'substantial' soybean purchases will be announced," said analyst Randy Platz of Hightower Report, adding that ...
Source: Oilworld
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