# U.S. grains: Chicago soybeans jump to two-month high on Trump comments - Grainews

> 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.

- Date: 2026-02-04 · published 2026-02-04T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/20639-u-s-grains-chicago-soybeans-jump-to-two-month-high-on-trump-comments-grainews
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

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.

## Read by commodity

- SBO: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2025-10-29 | [U.S. grains: Soybeans set 15-month high on U.S.-China trade deal hopes - Grainews](https://feedsoft.ai/events/22451-u-s-grains-soybeans-set-15-month-high-on-u-s-china-trade-deal-hopes-grainews.md) | +2.8% | +4.3% |
| SOY | 2025-05-12 | [U.S. grains: Soybeans hit three-month high on US-China trade deal, USDA report - Canadian Cattlemen](https://feedsoft.ai/events/9508-u-s-grains-soybeans-hit-three-month-high-on-us-china-trade-deal-usda-report.md) | +0.6% | +1.1% |
| SOY | 2025-10-27 | [U.S. grains: Soy hits four-month high on hopes for China trade deal - Manitoba Co-operator](https://feedsoft.ai/events/22452-u-s-grains-soy-hits-four-month-high-on-hopes-for-china-trade-deal-manitoba-co.md) | +5.6% | +8.0% |
| SOY | 2025-04-24 | [CBOT soybeans near two-month high on export optimism](https://feedsoft.ai/events/11800-cbot-soybeans-near-two-month-high-on-export-optimism.md) | -0.5% | +2.2% |
| SOY | 2022-10-24 | [China's monthly soybean imports jump \| World Grain](https://feedsoft.ai/events/14892-china-s-monthly-soybean-imports-jump-world-grain.md) | -0.6% | +2.3% |
| SBO | 2025-04-24 | [CBOT soybeans near two-month high on export optimism](https://feedsoft.ai/events/11800-cbot-soybeans-near-two-month-high-on-export-optimism.md) | +1.3% | +1.2% |
| SBO | 2019-10-23 | [Palm oil jumps to 16-month high as China’s waivers boost soy \| The Star](https://feedsoft.ai/events/56666-palm-oil-jumps-to-16-month-high-as-china-s-waivers-boost-soy-the-star.md) | +0.5% | +0.4% |
| SBO | 2023-02-16 | [Ukraine continues to export sunseed and soybeans at high rates](https://feedsoft.ai/events/37434-ukraine-continues-to-export-sunseed-and-soybeans-at-high-rates.md) | +1.9% | -6.8% |

## Sources

- grainews.ca: https://www.grainews.ca/daily/u-s-grains-chicago-soybeans-jump-to-two-month-high-on-trump-comments/

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