# Soybeans rise in Chicago on Chinese buying, but derivatives pressure prices in Brazil

> Chicago soybean futures opened higher on Monday, supported by reported Chinese purchases and investor positioning ahead of the USDA supply-and-demand report. In Brazil, weaker demand for soybean meal and oil reduced crush margins and weighed on domestic soybean prices, while uneven weather conditions limited declines in some regions.

- Date: 2026-11-09 · published 2026-11-09T18:05:33.855Z
- Category: trade · region Global · magnitude low
- Page: https://feedsoft.ai/events/89830-soybeans-rise-in-chicago-on-chinese-buying-but-derivatives-pressure-prices-in
- 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

Chinese buying supports U.S. soybean demand and prices, but weak meal and oil demand can reduce crushing and limit support for Brazilian beans. The market’s reaction also depends on the upcoming USDA outlook and crop conditions.

## Read by commodity

- SBM: bearish ▼
- SBO: bearish ▼
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2020-10-14 | [Soybeans rise on Chinese buying, dry Brazil weather \| Financial Post](https://feedsoft.ai/events/11786-soybeans-rise-on-chinese-buying-dry-brazil-weather-financial-post.md) | +1.9% | +9.0% |
| SOY | 2020-07-16 | [Soybean Rises on Stronger Chinese Demand](https://feedsoft.ai/events/52164-soybean-rises-on-stronger-chinese-demand.md) | +1.5% | +0.5% |
| SOY | 2019-08-08 | [Chinese soybean buyers shy away from Brazilian cargoes as prices jump: traders](https://feedsoft.ai/events/57610-chinese-soybean-buyers-shy-away-from-brazilian-cargoes-as-prices-jump-traders.md) | +1.4% | +0.1% |
| SOY | 2024-06-14 | [China is Buying Soybeans Again, But Why? - AgWeb](https://feedsoft.ai/events/14741-china-is-buying-soybeans-again-but-why-agweb.md) | -2.4% | -9.4% |
| SOY | 2026-08-28 | [Soybean futures hit contract highs on Chinese demand By Investing.com](https://feedsoft.ai/events/17944-soybean-futures-hit-contract-highs-on-chinese-demand-by-investing-com.md) | +4.0% | +5.0% |
| SBM | 2025-11-05 | [Soybean Futures Retreat Amid Focus on Chinese Buying](https://feedsoft.ai/events/12246-soybean-futures-retreat-amid-focus-on-chinese-buying.md) | -0.4% | -3.4% |
| SBM | 2023-05-10 | [Soybeans face pressure on US planting weather, tepid China demand](https://feedsoft.ai/events/14841-soybeans-face-pressure-on-us-planting-weather-tepid-china-demand.md) | +2.3% | -4.3% |
| SBM | 2023-02-23 | [Declining rapeseed oil and meal prices in China will soon increase the pressure on the world rapeseed market](https://feedsoft.ai/events/37283-declining-rapeseed-oil-and-meal-prices-in-china-will-soon-increase-the-pressure.md) | -0.9% | -7.9% |

## Sources

- portaldoagronegocio.com.br: https://www.portaldoagronegocio.com.br/agricultura/soja/noticias/soja-sobe-em-chicago-com-compras-da-china-mas-derivados-pressionam-precos-no-brasil

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