# Chicago soybean futures hit their highest since mid-2024

> Chicago soybean futures reached their highest level since mid-2024 in mid-March. Spot barge prices at the US Gulf fell on uncertainty over Chinese demand, and Brazilian supplies were cheaper. Cargill suspended shipments of Brazilian soybeans to China over inspection changes.

- Date: 2026-03-13 · published 2026-03-13T12:00:00.000Z
- Category: trade · region Global · magnitude low
- Page: https://feedsoft.ai/events/20356-chicago-soybean-futures-hit-their-highest-since-mid-2024
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Futures strength is set against weak physical export demand and Chinese buying uncertainty ahead of a Trump-Xi summit, so the price rally may not hold without firm export sales.

## Read by commodity

- SBM: neutral
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2020-10-22 | [U.S. soy futures firm to highest since 2016, corn hits 14-1/2-month high](https://feedsoft.ai/events/5719-u-s-soy-futures-firm-to-highest-since-2016-corn-hits-14-1-2-month-high.md) | -1.4% | +9.7% |
| SOY | 2019-12-26 | [U.S. soybean futures reach highest price since June 2018 \| Financial Post](https://feedsoft.ai/events/55626-u-s-soybean-futures-reach-highest-price-since-june-2018-financial-post.md) | +0.8% | -3.7% |
| 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 | 2026-08-28 | [Soybean futures hit contract highs on Chinese demand By Investing.com](https://feedsoft.ai/events/17944-soybean-futures-hit-contract-highs-on-chinese-demand-by-investing-com.md) | +4.0% | +5.0% |
| SOY | 2019-10-03 | [Soybean Futures Bounce Back After China Restarts Purchases](https://feedsoft.ai/events/56615-soybean-futures-bounce-back-after-china-restarts-purchases.md) | +1.1% | +0.2% |
| SBM | 2019-01-25 | [China's 2018 soybean imports from U.S. hit lowest since 2008](https://feedsoft.ai/events/60959-china-s-2018-soybean-imports-from-u-s-hit-lowest-since-2008.md) | -0.7% | -2.1% |
| SBM | 2019-02-01 | [Soybean Futures Rise on China Purchase Plans  - WSJ](https://feedsoft.ai/events/60618-soybean-futures-rise-on-china-purchase-plans-wsj.md) | -1.5% | -2.2% |
| SBM | 2024-09-27 | [China's oil mills realised most of their soybean meal stocks](https://feedsoft.ai/events/28384-china-s-oil-mills-realised-most-of-their-soybean-meal-stocks.md) | +2.7% | -5.1% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/chicago-soybean-futures-hit-their-highest-since-mid-2024/

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