# U.S. grains: Soybeans, wheat plummet from highs on limited Chinese demand - Grainews

> Chicago soybean and wheat futures fell sharply on Thursday, retreating from multi-month highs as signs of limited Chinese purchases of US goods tempered optimism after a bilateral trade truce. The most-active soybean contract ended down 26-3/4 cents at $11.07-1/2 after a 16-month peak the previous day. Corn eased as the US harvest finished and South American planting conditions were favorable.

- Date: 2025-11-06 · published 2025-11-06T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/8211-u-s-grains-soybeans-wheat-plummet-from-highs-on-limited-chinese-demand-grainews
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Lower expectations for Chinese purchases remove a key demand support, and soybeans still face a 13 percent Chinese tariff, which limits export competitiveness and pressures prices.

## Read by commodity

- SBM: neutral
- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| WHEAT | 2025-11-10 | 1 | -3.2% | -3.9 | Wheat and soybeans plummeted from multi-month highs as limited Chinese demand dampened optimism about the trade truce. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2020-05-02 | [U.S. grains: Soybeans slide on renewed trade tensions with China - Grainews](https://feedsoft.ai/events/53163-u-s-grains-soybeans-slide-on-renewed-trade-tensions-with-china-grainews.md) | +0.2% | -0.8% |
| SOY | 2025-06-02 | [U.S. grains: Soybeans fall to seven-week low; corn eases, wheat climbs - Grainews](https://feedsoft.ai/events/10946-u-s-grains-soybeans-fall-to-seven-week-low-corn-eases-wheat-climbs-grainews.md) | +1.5% | -1.7% |
| SOY | 2021-07-13 | [Global Soybean Trade Slows on Weaker China Demand \| Feed & Grain](https://feedsoft.ai/events/46110-global-soybean-trade-slows-on-weaker-china-demand-feed-and-grain.md) | -0.3% | +0.1% |
| SOY | 2023-05-24 | [Plentiful Chinese wheat to pile pain on corn and soy from US and Brazil](https://feedsoft.ai/events/14840-plentiful-chinese-wheat-to-pile-pain-on-corn-and-soy-from-us-and-brazil.md) | -1.7% | +13.5% |
| SOY | 2024-01-25 | [U.S. grains: Soybean, soyoil futures slide on weak demand - AgCanada](https://feedsoft.ai/events/6835-u-s-grains-soybean-soyoil-futures-slide-on-weak-demand-agcanada.md) | -1.5% | -7.5% |
| WHEAT | 2020-02-13 | [U.S. grains: Soy up on prospects for Chinese demand - AgCanada](https://feedsoft.ai/events/54655-u-s-grains-soy-up-on-prospects-for-chinese-demand-agcanada.md) | +5.3% | +9.6% |
| WHEAT | 2020-05-02 | [U.S. grains: Soybeans slide on renewed trade tensions with China - Grainews](https://feedsoft.ai/events/53163-u-s-grains-soybeans-slide-on-renewed-trade-tensions-with-china-grainews.md) | +3.0% | +3.0% |
| WHEAT | 2023-05-24 | [Plentiful Chinese wheat to pile pain on corn and soy from US and Brazil](https://feedsoft.ai/events/14840-plentiful-chinese-wheat-to-pile-pain-on-corn-and-soy-from-us-and-brazil.md) | -2.4% | -2.7% |

## Sources

- grainews.ca: https://www.grainews.ca/daily/u-s-grains-soybeans-wheat-plummet-from-highs-on-limited-chinese-demand/

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