Soybean futures extended losses toward $10 per bushel, hitting their lowest level since mid-August, as concerns over weak demand and rising competition from top producer Brazil weighed on the market. A lack of new US soybean purchases by China, amid ongoing trade tensions with Washington, continued to pressure the oilseed market. Meanwhile, Brazil’s soybean planted area for the 2025/26 season is expected to expand 1.5% to a record, as the country increasingly supplies China while Beijing avoids US oilseeds. Brazilian exports are projected to reach 6.75 million metric tons in September, up from 5.16 million tons in the same month last year, according to Anec.
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