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CBOT soybean futures rallied to their highest since June 2024 on expectations of US sales to China, though some reported Chinese purchases were unconfirmed. January soybeans closed up 32.75 cents at $11.57 per bushel, and December soymeal rose $8.30 to $330.80 per short ton.
The NOPA October crush topped forecasts and set a record.
Expected China purchases and a record crush lift soybean and meal prices, with the unconfirmed nature of the buying a risk to the rally.
tradingview.comNov 17, 2025Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
CBOT soybeans rallied sharply on Nov 17 on expected US sales to China, and the record NOPA crush lifted the complex including soybean oil via spillover and crush-linked demand.
