Global grain and oilseed markets
Published Oct 28, 2025
Tridge summary
Soybean futures on the Chicago Mercantile Exchange reached a four-month high on Monday amid hopes that China will resume purchases from the U.S. as part of a potential trade deal with Washington, traders reported.
U.S. President Donald Trump stated that the U.S. and China are "ready to conclude" a trade agreement, as he is expected to meet with Chinese President Xi Jinping in South Korea on Thursday.
U.S. Treasury Secretary Steven Mnuchin stated on Sunday to NBC that China will make "substantial" purchases of U.S. soybeans as part of the proposed trade deal after Chinese buyers avoided purchasing U.S. soybeans from the autumn harvest due to the trade war.
According to a Reuters survey of 10 analysts, as of Sunday, 84% of the soybean harvest in the U.S. had been completed.
November soybean futures on the CBOT closed 25.5 cents higher, at $10.674 per bushel.
The most active contract reached its highest level since June 20.
U.S. President Donald Trump stated that the U.S. and China are "ready to conclude" a trade agreement, as he is expected to meet with Chinese President Xi Jinping in South Korea on Thursday.
U.S. Treasury Secretary Steven Mnuchin stated on Sunday to NBC that China will make "substantial" purchases of U.S. soybeans as part of the proposed trade deal after Chinese buyers avoided purchasing U.S. soybeans from the autumn harvest due to the trade war.
According to a Reuters survey of 10 analysts, as of Sunday, 84% of the soybean harvest in the U.S. had been completed.
November soybean futures on the CBOT closed 25.5 cents higher, at $10.674 per bushel.
The most active contract reached its highest level since June 20.
Original content
Soybean futures on the Chicago Mercantile Exchange reached a four-month high on Monday amid hopes that China will resume purchases from the U.S. as part of a potential trade deal with Washington, traders said. U.S. President Donald Trump said that the U.S. and China are "ready to conclude" a trade agreement as he is expected to meet with Chinese President Xi Jinping in South Korea on Thursday. U.S. Treasury Secretary Scott Bessent said on Sunday on NBC that China will make "substantial" purchases of U.S. soybeans as part of the proposed trade deal after Chinese buyers avoided buying U.S. soybeans of the autumn harvest due to the trade war. According to a Reuters survey of 10 analysts, as of Sunday, soybean harvesting in the U.S. was completed at 84%. November soybean futures on the CBOT closed 25.5 cents higher at $10.67.4 per bushel. The most active contract reached its highest level since June 20. December soybean meal futures on the CBOT rose by $4.10 to $298.20 per short ton, ...
Source: Oilworld
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