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Soybean futures rose above $10.90 per bushel, their highest since July 2024, after China booked its first US new-crop cargoes. Officials said China agreed to buy 12 million tons this season and 25 million tons annually for three years.
Chinese cargo bookings tighten the global balance because China has taken most of Brazil's exports, which raises export premiums and supports soybean and meal prices. Dry weather in South America adds further support.
tradingeconomics.comFelipe AlarconOct 31, 2025After 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 342 past bullish trade events, Soybean Meal moved a median +0.1% over 5 sessions (51% higher; middle half -1.1% to +2.6%), and +0.6% 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.
