Soybean Prices on the Chicago Exchange Fall Due to Profit-Taking and Trade Disputes

Analysts report a decline in soybean futures on the Chicago commodity exchange due to technical reasons, profit-taking, and heightened trade tensions between the U.S. and China.

This is reported by AgroReview

Reasons for the Decline in Soybean Prices

Trading was subdued due to the suspension of the U.S. federal government, which caused a delay in the release of the monthly report from the Department of Agriculture on supply and demand.

November soybean futures fell by 7.5 cents to $10.22.5 per bushel. The contract encountered resistance on the chart at the 100- and 200-day moving averages.

International Context

Additional tension was created by news of China tightening its control over the export of rare earth metals ahead of a meeting between U.S. President Donald Trump and Chinese President Xi Jinping. Discussions are expected to focus on the lack of soybean purchases by China from the U.S.

“Perhaps, due to the weakening euro, we will see an increase in export sales from the Black Sea region to Western Europe,” noted a German trader.

The Ministry of Agriculture of China has maintained its soybean import forecast for the 2025/26 year at 95.8 million tons.

Additionally, analysts expect a 6.3% increase in biodiesel demand in Brazil to 10.5 billion liters.