# Soybean futures hit contract highs on Chinese demand By Investing.com

> CBOT soybean futures reached life-of-contract highs on August 28. China bought 182,000 MT of new-crop US soybeans, and Sinograin cleared storage in its fifth auction in under a month. USDA also confirmed 100,000 MT of soymeal sales each to Germany and the Netherlands.

- Date: 2026-08-28 · published 2026-08-28T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/17944-soybean-futures-hit-contract-highs-on-chinese-demand-by-investing-com
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Chinese buying and European meal demand tighten export supplies, supporting soybean and soymeal prices into the new crop year.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2018-07-27 | [Soybean Futures Close Higher on Signs of Demand](https://feedsoft.ai/events/64076-soybean-futures-close-higher-on-signs-of-demand.md) | +2.5% | -2.2% |
| SOY | 2020-07-16 | [Soybean Rises on Stronger Chinese Demand](https://feedsoft.ai/events/52164-soybean-rises-on-stronger-chinese-demand.md) | +1.5% | +0.5% |
| SOY | 2020-09-17 | [Soybeans at 27-month high on Chinese demand, corn dips \| Financial Post](https://feedsoft.ai/events/9343-soybeans-at-27-month-high-on-chinese-demand-corn-dips-financial-post.md) | +0.3% | +4.4% |
| SOY | 2019-01-03 | [Soybean Futures Rally; China May Be Returning for U.S. Soy \| Investor's Business Daily](https://feedsoft.ai/events/61133-soybean-futures-rally-china-may-be-returning-for-u-s-soy-investor-s-business.md) | +1.9% | +2.3% |
| SOY | 2020-09-24 | [US soybean demand firm on Chinese state-owned companies' purchases: sources](https://feedsoft.ai/events/50986-us-soybean-demand-firm-on-chinese-state-owned-companies-purchases-sources.md) | +0.9% | +5.7% |
| SBM | 2018-07-27 | [Soybean Futures Close Higher on Signs of Demand](https://feedsoft.ai/events/64076-soybean-futures-close-higher-on-signs-of-demand.md) | +0.1% | -5.7% |
| SBM | 2020-09-24 | [US soybean demand firm on Chinese state-owned companies' purchases: sources](https://feedsoft.ai/events/50986-us-soybean-demand-firm-on-chinese-state-owned-companies-purchases-sources.md) | -0.7% | +10.7% |
| SBM | 2023-07-19 | [Freight rates rebound on stronger Chinese soybean demand - Fastmarkets](https://feedsoft.ai/events/35234-freight-rates-rebound-on-stronger-chinese-soybean-demand-fastmarkets.md) | +2.2% | -6.8% |

## Sources

- investing.com: https://www.investing.com/news/commodities-news/soybean-futures-hit-contract-highs-on-chinese-demand-93CH-4881787

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