# Soybean Futures Retreat Amid Focus on Chinese Buying

> Soybean futures hovered near $10.9 per bushel after retreating from a 16-month high of $11.2 as weak Chinese demand for US beans capped gains. China confirmed it will suspend retaliatory tariffs on US farm products from November 10, but US soybeans still face a 13% import tariff versus 3% on Brazilian and Argentine supplies.

- Date: 2025-11-05 · published 2025-11-05T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/12246-soybean-futures-retreat-amid-focus-on-chinese-buying
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

The remaining tariff gap keeps US beans uncompetitive against South American supply, limiting upside in US soybean prices unless Chinese purchases materialize.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2026-01-01 | [Soybean futures drop 85 cents as China buying disappoints market](https://feedsoft.ai/events/21530-soybean-futures-drop-85-cents-as-china-buying-disappoints-market.md) | +1.6% | +3.3% |
| SOY | 2019-01-17 | [Soybean Closed Lower Amid Declining Chinese Demand](https://feedsoft.ai/events/61193-soybean-closed-lower-amid-declining-chinese-demand.md) | +2.4% | +1.0% |
| SOY | 2022-05-03 | [Chinese soybean crushers slow bean buying on poor margins - Manitoba Co-operator](https://feedsoft.ai/events/14933-chinese-soybean-crushers-slow-bean-buying-on-poor-margins-manitoba-co-operator.md) | -3.2% | +0.6% |
| SOY | 2020-05-28 | [Soybean Retreats From Two-Week High on US-China Trade Concerns](https://feedsoft.ai/events/53165-soybean-retreats-from-two-week-high-on-us-china-trade-concerns.md) | +1.1% | +2.6% |
| SOY | 2026-03-18 | [Soybean Futures Decline on Delayed Trump-Xi Meeting - Bloomberg](https://feedsoft.ai/events/4714-soybean-futures-decline-on-delayed-trump-xi-meeting-bloomberg.md) | -0.2% | +0.9% |
| SBM | 2026-01-01 | [Soybean futures drop 85 cents as China buying disappoints market](https://feedsoft.ai/events/21530-soybean-futures-drop-85-cents-as-china-buying-disappoints-market.md) | +2.0% | +0.9% |
| SBM | 2019-01-17 | [Soybean Closed Lower Amid Declining Chinese Demand](https://feedsoft.ai/events/61193-soybean-closed-lower-amid-declining-chinese-demand.md) | +0.7% | -1.5% |
| SBM | 2022-05-03 | [Chinese soybean crushers slow bean buying on poor margins - Manitoba Co-operator](https://feedsoft.ai/events/14933-chinese-soybean-crushers-slow-bean-buying-on-poor-margins-manitoba-co-operator.md) | -6.7% | -1.8% |

## Sources

- tradingeconomics.com: https://tradingeconomics.com/commodity/soybeans/news/499424

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.