Archive · 31 Dec 2025
Soybean futures dip despite China purchases
Soybean prices went down a little bit on Tuesday, even though China bought a lot of soybeans from the U.S. Investors are watching the talks between Russia and Ukraine, which might affect grain prices.
China wants to buy a lot of soybeans by the end of the year, but people are not sure if they will buy more next year.
Corn and wheat prices also went down because there are a lot of supplies and hopes that the war in Ukraine might end soon.
If the war ends, it could be easier and cheaper to ship wheat from Ukraine, which is one of the biggest wheat exporters in the world.
Soybean futures fell 1-1/4 cents to $10.62-1/4 a bushel despite China's purchase of 136,000 metric tons for 2025/2026.
Corn futures dropped 1-3/4 cents to $4.40-1/2 a bushel, and wheat futures declined 2-1/4 cents to $5.10-3/4 a bushel.
China aims to buy 9.5 to 10 million metric tons of soybeans by the end of the year, with a total commitment of 12 million metric tons.
Russia raised its wheat export forecast to 44.6 million tons for 2025/26, pressuring wheat futures.
Hopes for a resolution to the Russia-Ukraine conflict weighed on wheat prices due to potential reduced shipping risks and increased access to Ukrainian ports.
- Who
- Investors, U.S. farmers, grain traders, China, Russia, Ukraine
- What
- Decline in soybean futures despite China's purchases, impact of Russia-Ukraine peace talks on grain prices
- When
- Tuesday, with data for 2025/2026 marketing year starting September 1
- Where
- Chicago Board of Trade, global grain markets
- Why
- Investors weighing Russia-Ukraine peace talks, China's buying commitments, and global grain supplies
- Soybean futures
- Down 1-1/4 cents to $10.62-1/4 a bushel
- Corn futures
- Down 1-3/4 cents to $4.40-1/2 a bushel
- Wheat futures
- Down 2-1/4 cents to $5.10-3/4 a bushel
- China's soybean purchases
- 136,000 metric tons for 2025/2026
- Unknown destinations purchases
- 231,000 metric tons for 2025/2026
- Russia's wheat exports forecast
- 44.6 million tons for 2025/26
- Duration of Russia-Ukraine conflict
- Nearly four years
