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CBOT soybean futures hit a two-month high after President Trump said China was lifting its soybean commitment to 20 million tons for the current season and had committed to 25 million tons for next season. China had earlier bought about 12 million metric tons of U.S. soybeans.
Soyoil also rose after updated U.S. Treasury guidance on biofuel tax credits.
Expected Chinese demand for U.S. beans and firmer soyoil demand from biofuels support soybean and soyoil prices, though dealers doubted China could economically buy at current prices.
grainews.caHeather Schlitz, ReutersFeb 4, 2026After 696 past bullish trade events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.3% to +1.9%), and +0.7% over 20.
After 224 past bullish trade events, Soybean Oil moved a median +0.4% over 5 sessions (54% higher; middle half -1.5% to +2.1%), and -0.5% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
