Soybeans rise in Chicago with resumption of Chinese purchases

Soybean prices registered a new upward movement in the international market throughout November, sustained by commercial and climatic factors that continue to influence expectations for the 2025/26 crop. According to an analysis by Itaú BBA, the oilseed contract on the Chicago Stock Exchange accumulated the third consecutive rise in the month, with an advance of 8.4% compared to the average in October, reaching USD 11.21 per bushel. In the first ten days of December, the average fell slightly to USD 11.18 per bushel, a drop of 0.2%. The sequence of increases observed since previous months was driven by the resumption of Chinese purchases of American soybeans, which unlocked the trade flow between the two countries. In November, acquisitions with shipment scheduled for January and February totaled 4.5 million tons, equivalent to 37% of the total volume promised by China, of 12 million tons, with new purchases made at the beginning of December. In the Brazilian market, the behavior ...