# Soybean price rises in Chicago, but Chinese demand raises alarm

> Chicago soybean futures rallied sharply after the USDA supply and demand report on November 10, reaching US$12.29 per bushel on November 11, up from US$11.81 a week earlier. The contract eased to US$12.27 at Thursday's close (November 12), and the USDA kept its Brazilian soybean production estimate at 186 million tonnes.

- Date: 2026-11-12 · published 2026-11-13T03:05:24.282Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/96992-soybean-price-rises-in-chicago-but-chinese-demand-raises-alarm
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

The rally was driven by the USDA report and a deterioration in US crop conditions, though analysts say the reaction exceeded the report's changes. Attention is shifting to Chinese demand and South American planting and weather, which will determine whether soybean prices hold their gains.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Sources

- agrolink.com.br: https://www.agrolink.com.br/noticias/preco-da-soja-sobe-em-chicago--mas-demanda-chinesa-acende-alerta_520985.html

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