# Soybean Futures Close Higher on Signs of Demand

> Soybean futures closed higher on July 27 after USDA export sales showed 1.5 million metric tons of soybeans sold, above trade expectations. Trump and Juncker said the EU will buy more U.S. soybeans and work to reduce tariffs. November soybeans rose 9.5 cents to $8.85 1/4 and corn was unchanged at $3.75 3/4.

- Date: 2018-07-27 · published 2018-07-27T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/64076-soybean-futures-close-higher-on-signs-of-demand
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Strong export sales and a new EU purchasing commitment support U.S. soybean demand, which helps offset the loss of Chinese buying.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2026-08-28 | [Soybean futures hit contract highs on Chinese demand By Investing.com](https://feedsoft.ai/events/17944-soybean-futures-hit-contract-highs-on-chinese-demand-by-investing-com.md) | +4.0% | +5.0% |
| SOY | 2020-07-16 | [Soybean Rises on Stronger Chinese Demand](https://feedsoft.ai/events/52164-soybean-rises-on-stronger-chinese-demand.md) | +1.5% | +0.5% |
| SOY | 2019-02-01 | [Soybean Futures Rise on China Purchase Plans  - WSJ](https://feedsoft.ai/events/60618-soybean-futures-rise-on-china-purchase-plans-wsj.md) | -0.2% | -1.7% |
| SOY | 2026-03-13 | [Chicago soybean futures hit their highest since mid-2024](https://feedsoft.ai/events/20356-chicago-soybean-futures-hit-their-highest-since-mid-2024.md) | -3.7% | -3.1% |
| SOY | 2026-04-10 | [Soymeal Demand Put Soybeans Back On A Spring High - Finimize](https://feedsoft.ai/events/11664-soymeal-demand-put-soybeans-back-on-a-spring-high-finimize.md) | -0.1% | +1.0% |
| SBM | 2026-08-28 | [Soybean futures hit contract highs on Chinese demand By Investing.com](https://feedsoft.ai/events/17944-soybean-futures-hit-contract-highs-on-chinese-demand-by-investing-com.md) | +4.5% | +12.9% |
| SBM | 2026-04-10 | [Soymeal Demand Put Soybeans Back On A Spring High - Finimize](https://feedsoft.ai/events/11664-soymeal-demand-put-soybeans-back-on-a-spring-high-finimize.md) | +4.4% | +2.0% |
| SBM | 2025-11-17 | [Soybean Futures Rebound on Signs China Is Ramping Up Purchases - Bloomberg](https://feedsoft.ai/events/7887-soybean-futures-rebound-on-signs-china-is-ramping-up-purchases-bloomberg.md) | -1.7% | -5.9% |

## Sources

- agriculture.com: https://www.agriculture.com/markets/analysis/china-buys-soybean-market-trades-higher-monday

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