FX.co ★ Soybean Market Holds Steady Amid Trade Uncertainty

Soybean futures hovered near $10.13 per bushel, following a brief rise to $10.15, as investors remained cautious ahead of the upcoming meeting between President Trump and Chinese President Xi Jinping at the APEC summit in four weeks. The talks are anticipated to focus on China’s persistent reluctance to purchase US soybeans. Market fundamentals show little change, with US farmers experiencing significant sales losses due to China's delayed purchases of the autumn harvest. Meanwhile, Chinese purchasers have capitalized on a temporary export tax break in South America, securing roughly 40 shipments of Argentine soybeans. Brazil continues to solidify its status as the leading supplier, bolstered by stable production forecasts, with the output for the 2025/26 season expected to reach 178.6 million metric tons.