Soybean quotes in Chicago continue to fall, which lowers soybean prices in Ukraine

We predicted that the speculative rise in soybean quotes in Chicago, caused by China’s promises to buy American soybeans, would quickly stop against the backdrop of reality and prices would fall, but the market is falling more slowly, hoping for an increase in supplies from the US to China. At the same time, China has never provided written confirmation of its commitments to buy 12-25 million tons of soybeans from the United States, which American officials declared after the meeting between Trump and Xi in October, and buys small batches of 300-500 thousand tons every Sunday, which does not guarantee the purchase of 12 million tons by the end of 2025. January soybean futures in Chicago rose 13.7% in the month after the Trump-Xi meeting, and then began a gradual decline, falling 3.1% in the last week to $401.2/t (-3.3% in the month), but are still trading 3.2% more expensive than 3 months ago. In the 2025/26 MY (September 1 – December 7), the US exported only 12.9 million tons, ...