U.S. soybean futures slumped on Wednesday after climbing to their highest level since June 2024 in the previous session, as traders watched to see whether a wave of Chinese purchases would continue following a trade truce between Beijing and Washington.
U.S. grains: Soybean futures ease from 17-month peak as traders gauge China buying pace
U.S. grains: Soybeans pull back after setting June 2024 high on Chinese buying
U.S. soybean futures pulled back on Tuesday after reaching their highest level since June 2024 as China made hefty purchases of American supplies.
U.S. grains: Soy futures hit June 2024 high as China ramps up buying
U.S. soybean futures climbed to the highest level since June 2024 on Monday as China’s state-owned grain trader COFCO ramped up buying following the recent Washington-Beijing trade deal, traders said.
U.S. grains: CBOT soybeans, corn, wheat fall in USDA data aftermath
Chicago grains took a dive on Friday, following a closely watched U.S. government crop report and the release of export data that could provide clues into Chinese buying.
U.S. grains: Soy hits 17-month high, corn to four-month top as trade braces for U.S. data
Chicago Board of Trade soybean futures rose on Thursday to their highest in nearly 17 months as traders awaited a U.S. government crop report that was expected to lower yield estimates, while also bracing for the resumption of export data to give clues on Chinese buying.
U.S. grains: soybeans firm ahead of USDA data
Chicago soybeans ticked up slightly on Wednesday as traders adjusted positions ahead of the release of official U.S. data on global supply and demand on Friday, the first update in weeks, but prices were capped by a lack of large Chinese purchases.
U.S. grains: Soybeans rise on China demand hopes; corn and wheat rebound
Chicago Board of Trade soybean, corn and wheat futures rose on Monday on signs of progress towards the end of a record-long U.S. government shutdown, along with expectations of a revival of U.S. soybean exports to China, analysts said.
U.S. grains: Soybeans bounce as Chinese demand assessed, wheat drops
Chicago soybean prices firmed on Friday in a bargain-buying bounce after a sharp fall on Thursday, as traders assessed prospects for more U.S. sales to China after the trade war truce between the countries.
U.S. grains: Soybeans, wheat plummet from highs on limited Chinese demand
Chicago soybean and wheat futures took a nosedive on Thursday, retreating from multi-month highs, as signs of only limited Chinese purchases from the United States tempered optimism about fresh demand following a bilateral trade truce.
U.S. grains: Soybean prices rise as China-U.S. truce assessed
Chicago soybean prices rose on Wednesday, recovering some of the previous session’s losses, as Beijing’s confirmation that it was cutting tariffs on U.S. farm goods put attention back on a trade truce between the countries.
Cyber-Savvy Farmer
