# Brazilian, US soybean prices remain high despite drops; Brazil still top origin | S&P Global

> Brazilian and US soybean export prices stayed above $500/mt despite recent futures declines, according to S&P Global sources. Chinese buyers are more cautious but still prefer Brazilian beans, and USDA confirmed only 264,000 mt of US sales to China in the latest week.

- Date: 2026-07-31 · published 2026-07-31T12:00:00.000Z
- Category: trade · region Global · magnitude low
- Page: https://feedsoft.ai/events/18359-brazilian-us-soybean-prices-remain-high-despite-drops-brazil-still-top-origin-s
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Persistent high origin prices and slowing Chinese US purchases weigh on US export demand, while Brazil keeps its share of Chinese demand, which supports Brazilian soy basis strength.

## Read by commodity

- SBM: neutral
- SOY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2026-07-21 | [Global demand for soybean meal drives prices up in Brazil and the U.S.](https://feedsoft.ai/events/18436-global-demand-for-soybean-meal-drives-prices-up-in-brazil-and-the-u-s.md) | -1.4% | -2.0% |
| SOY | 2025-11-03 | [Chinese buyers purchase Brazilian soybeans as prices ease over US-China trade thaw \| Reuters](https://feedsoft.ai/events/12245-chinese-buyers-purchase-brazilian-soybeans-as-prices-ease-over-us-china-trade.md) | +0.2% | +2.6% |
| SOY | 2018-08-17 | [Despite Tariffs, U.S. Soybeans Keep Shipping - Caixin Global](https://feedsoft.ai/events/63418-despite-tariffs-u-s-soybeans-keep-shipping-caixin-global.md) | -4.9% | -7.2% |
| SOY | 2023-07-18 | [China diversifies imports from Brazil, but soybeans remain top priority - DatamarNews](https://feedsoft.ai/events/14829-china-diversifies-imports-from-brazil-but-soybeans-remain-top-priority.md) | +2.6% | -6.3% |
| SOY | 2025-04-09 | [Wave of US soybeans set to reach China's shores despite tariffs](https://feedsoft.ai/events/14668-wave-of-us-soybeans-set-to-reach-china-s-shores-despite-tariffs.md) | +4.4% | +3.8% |
| SBM | 2024-05-20 | [US Soybean Prices Higher in Spite of Tariff Concerns](https://feedsoft.ai/events/30297-us-soybean-prices-higher-in-spite-of-tariff-concerns.md) | +3.9% | -1.2% |
| SBM | 2026-01-26 | [China to favour Brazilian soybean imports in H1 despite renewed US inflows \| Reuters](https://feedsoft.ai/events/14606-china-to-favour-brazilian-soybean-imports-in-h1-despite-renewed-us-inflows.md) | -0.9% | +4.4% |
| SBM | 2021-09-06 | [China's 2021-22 soybean demand unlikely to slacken despite negative crush margin \| S&P Global](https://feedsoft.ai/events/45064-china-s-2021-22-soybean-demand-unlikely-to-slacken-despite-negative-crush.md) | +0.4% | -2.5% |

## Sources

- spglobal.com: https://www.spglobal.com/energy/en/news-research/latest-news/agriculture/073126-brazilian-us-soybean-prices-remain-high-despite-drops-brazil-still-top-origin

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