Soybean futures recovered toward $12 per bushel after new export sales to China encouraged bargain buying. The USDA reported a private sale of 136,000 metric tons of U.S. soybeans to China for 2026/27 delivery on November 6; strong weekly U.S. shipments also supported prices, while a large U.S. harvest and favorable Brazilian planting conditions limited the outlook.
Fresh Chinese buying supports U.S. export demand and soybean prices, but ample supplies and competition from Brazil could cap gains.
After 696 past bullish trade events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.3% to +1.9%), and +0.7% over 20.
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.