# Soybeans Surge to July 2024 Highs

> Soybean futures rose toward $11.60 per bushel, the highest since July 2024, after China bought seven US cargoes for December and January delivery. The November USDA cut world soybean production by about 4.1 million tonnes and reduced global ending stocks to about 122 million tonnes.

- Date: 2025-11-17 · published 2025-11-17T12:00:00.000Z
- Category: trade · region Global · magnitude high
- Page: https://feedsoft.ai/events/7891-soybeans-surge-to-july-2024-highs
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

A smaller global stocks cushion combined with Chinese buying tightens nearby supplies, supporting soybean, meal and oil prices.

## Read by commodity

- SBM: bullish ▲
- SBO: bullish ▲
- SOY: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SBO | 2025-11-17 | 1 | +2.1% | 3.1 | China's purchases of US cargoes and the USDA cut to world soybean output pushed soybean futures to multi-month highs on the day, which supported soybean oil through complex-wide buying. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2025-10-31 | [Soybeans Rise to 15-Month Highs](https://feedsoft.ai/events/22450-soybeans-rise-to-15-month-highs.md) | +0.0% | +4.3% |
| SOY | 2021-06-11 | [2021 Soybeans – to crush or export?](https://feedsoft.ai/events/46671-2021-soybeans-to-crush-or-export.md) | -13.9% | -9.1% |
| SOY | 2018-12-05 | [Soybeans surge to near 4-mth high, analysts wary of G20 bounce](https://feedsoft.ai/events/11523-soybeans-surge-to-near-4-mth-high-analysts-wary-of-g20-bounce.md) | +0.9% | -0.2% |
| SOY | 2026-08-28 | [Soybeans](https://feedsoft.ai/events/17961-soybeans.md) | +4.0% | +5.0% |
| SOY | 2026-04-10 | [Soybeans Surge with Meal, Corn Falls: Cattle Make New Highs - AgWeb](https://feedsoft.ai/events/11665-soybeans-surge-with-meal-corn-falls-cattle-make-new-highs-agweb.md) | -0.1% | +1.0% |
| SBM | 2025-10-31 | [Soybeans Rise to 15-Month Highs](https://feedsoft.ai/events/22450-soybeans-rise-to-15-month-highs.md) | -0.1% | -0.8% |
| SBM | 2018-12-05 | [Soybeans surge to near 4-mth high, analysts wary of G20 bounce](https://feedsoft.ai/events/11523-soybeans-surge-to-near-4-mth-high-analysts-wary-of-g20-bounce.md) | -0.6% | +0.8% |
| SBM | 2026-08-28 | [Soybeans](https://feedsoft.ai/events/17961-soybeans.md) | +4.5% | +12.9% |

## Sources

- tradingeconomics.com: https://tradingeconomics.com/commodity/soybeans/news/502730

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