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January 2026 soybean futures lost nearly 85 cents in the past month as Chinese purchases fell short of industry expectations of 12 million tons by year end. US Treasury Secretary Scott Bessent suggested large purchases may not occur until late February.
The article notes earlier gains had been driven by trade-deal announcements and a slightly lower November WASDE stocks estimate.
Delayed Chinese buying removes a key demand support for US soybeans and the soymeal complex, pressuring prices. Feed users may see softer protein costs unless export sales pick up.
farmprogress.comNaomi BlohmJan 1, 2026After 803 past bearish trade events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.7%), and +0.9% over 20.
After 384 past bearish trade events, Soybean Meal moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), 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.
