China's purchases provide momentum to soybeans in Chicago

The weekly analysis by the International Center for Economic Analysis and Agricultural Market Studies (Ceema), referring to the period from November 14 to 20 and released this Thursday (20), pointed out that soybean quotations in Chicago retreated after the publication of the USDA's supply and demand report on the 14th. According to the document, "the quotations [...] retreated after the announcement of the report," but subsequently regained momentum due to Chinese purchases of soybeans from the United States, after six months of absence. The movement, however, "did not last long," and the closing on this Thursday was at US$ 11.22 per bushel, down from US$ 11.32 the previous week. The USDA report for the 2025/26 cycle brought data considered neutral by the market. Ceema recorded that "the market expected a production projection in the US between 113 and 118 million tons," with an average of 116.1 million, while the official November figure was 115.8 million tons, close to the ...