Soy futures slide on China demand doubts

Chicago Board of Trade soybean futures sagged on Friday and were headed for their first weekly loss in eight weeks amid uncertainty over the scale of Chinese demand for U.S. supplies under a bilateral trade truce. Wheat and corn futures also eased, with ample global grain supplies tempering support from brisk U.S. corn exports. Grain traders were turning their attention to a U.S. Department of Agriculture report due next Tuesday, in which the agency will give an update on global supplies and demand. soybeans to China for shipment in the 2025-26 marketing year, following market chatter about deals this week. In its daily reporting system, the agency has reported sales of about 2.7 million tons of U.S. soybeans to China since October 30. “We need to see those sales converted into shipments and get the bushels out of the country to get some sort of bigger, more sustained rally going,” said Matt Wiegand, commodity broker for FuturesOne. The most-active CBOT soybean contract was down ...