# Soybeans Rise to 15-Month Highs

> 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.

- Date: 2025-10-31 · published 2025-10-31T12:00:00.000Z
- Category: trade · region US-China · magnitude medium
- Page: https://feedsoft.ai/events/22450-soybeans-rise-to-15-month-highs
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

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.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2025-11-17 | [Soybeans Surge to July 2024 Highs](https://feedsoft.ai/events/7891-soybeans-surge-to-july-2024-highs.md) | +1.1% | -3.7% |
| 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 | 2025-04-24 | [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 | 2026-02-04 | [U.S. grains: Chicago soybeans jump to two-month high on Trump comments - Grainews](https://feedsoft.ai/events/20639-u-s-grains-chicago-soybeans-jump-to-two-month-high-on-trump-comments-grainews.md) | +5.3% | +8.3% |
| SOY | 2026-08-28 | [Soybeans](https://feedsoft.ai/events/17961-soybeans.md) | +4.0% | +5.0% |
| SBM | 2025-11-17 | [Soybeans Surge to July 2024 Highs](https://feedsoft.ai/events/7891-soybeans-surge-to-july-2024-highs.md) | -1.7% | -5.9% |
| SBM | 2026-08-28 | [Soybeans](https://feedsoft.ai/events/17961-soybeans.md) | +4.5% | +12.9% |
| SBM | 2025-03-21 | [South American soybean meal basis hits three-month high \| S&P Global](https://feedsoft.ai/events/25655-south-american-soybean-meal-basis-hits-three-month-high-s-and-p-global.md) | -0.6% | +0.5% |

## Sources

- tradingeconomics.com: https://tradingeconomics.com/commodity/soybeans/news/498221

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