Soybeans: China signals U.S. import, and export premium falls in Brazil

The partial resumption of China's purchases of soybeans from the United States has pressured export premiums in Brazil, according to surveys by Cepea. According to the Research Center, contracts for exports in 2026 returned to negative levels, a movement not observed since July of this year. Nevertheless, the quotations for the oilseed in the physical market remained firm over the past week. Brazilian sellers showed a preference for negotiating new batches with immediate delivery (spot) and long-term receipt, in order to guarantee the current price levels, as explained by Cepea technicians. As for the 2025/26 campaign, Conab projects a record of 177.6 million tons. In this estimate, the Company already foresees lower ...