U.S. soybean futures rose toward $12 per bushel after the USDA reported a private sale of 136,000 tonnes of U.S. soybeans to China for delivery in the 2026/27 marketing year. The sale followed several days of reported Chinese purchases, while U.S. export shipments also reached a marketing-year high in the week ending October 29.
Expectations of a large U.S. crop and strong Brazilian planting progress limited the upside as traders awaited the USDA’s WASDE report.
Chinese purchases and strong shipments support U.S. export demand and soybean prices, but expectations for large U.S. and Brazilian supplies limit the potential rally.
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.