Soybean prices in Chicago continue to fall, but in Ukraine they are rising due to high domestic demand

exports to China. Currently, according to USDA, confirmed sales of American soybeans to China are about 4.2 million tons, which is far from the promised 12 million tons by the end of 2025, and the pace of overall exports is also falling, and only active domestic processing is supporting prices. In the MY 2025/26 (September 1 – December 11), the US exported only 13.7 million tons of soybeans, which is 46.3% lower than the corresponding figure last year and is 30% of the forecasted exports for the season. According to the US Association of Processors NOPA, during November, soybean processing in the US decreased compared to October by 5% to 5.88 million tons, which was 11.8% higher than the figure in November 2024 and became a record for this month. However, soybean oil stocks increased by 15.95% from the end of October to 687 thousand tons, which is 39.6% higher than the figure in November 2024, so the rate of processing is expected to continue to decrease. According to the AgRural ...