CBOT soybeans fall 0.9% to $12.86 1/2 a bushel as China buying remains scarce
AI Market Summary
CBOT soybean futures fell as confirmed post-summit Chinese buying remains scarce and USDA export sales for corn/soybeans came in below expectations, weakening the demand narrative. A firmer dollar and elevated Treasury yields added macro headwinds to U.S. grain competitiveness, though the dollar later eased. Positioning risk is elevated ahead of the USDA WASDE, with funds holding sizable net longs that could be reduced on a bearish surprise.
Impact level
● Medium
Affected assets
AGRIPPA/USDT-20.00%
AI Insight · AGRIPPA/USDTAI Insight
▼ Bearish
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Chicago Board of Trade soybean futures fell 0.9% on Thursday to $12.865 per bushel, while corn and wheat also moved lower. Attention has centered on the limited confirmation of Chinese soybean purchases after the U.S.-China summit, dimming expectations for a rebound in demand. Export sales data for the 2026-27 marketing year failed to provide support, keeping pressure on soybeans and the broader grains complex.
