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January 2026 soybean futures lost nearly 85 cents in the past month as Chinese purchases fell short of industry expectations of 12 million tons by year end. US Treasury Secretary Scott Bessent suggested large purchases may not occur until late February.
The article notes earlier gains had been driven by trade-deal announcements and a slightly lower November WASDE stocks estimate.
Delayed Chinese buying removes a key demand support for US soybeans and the soymeal complex, pressuring prices. Feed users may see softer protein costs unless export sales pick up.
farmprogress.comNaomi Blohm2026年1月1日在过去 803 次看跌的贸易事件之后，大豆 在 5 个交易日内中位数变动 +0.0%（51% 上涨；中间一半区间为 -1.7% 至 +1.7%），20 个交易日内为 +0.9%。
在过去 384 次看跌的贸易事件之后，豆粕 在 5 个交易日内中位数变动 -0.2%（47% 上涨；中间一半区间为 -1.7% 至 +1.6%），20 个交易日内为 -0.5%。
各商品基准价相对事件前最后收盘价的变动。历史数据汇总同类过往事件；仅描述已发生的情况，不代表未来走势。不构成投资建议。
