Soybean futures eased to around $11 per bushel, retreating from a 16-month high of $11.20 reached on Monday, as traders awaited confirmation of Chinese purchases of US soybeans amid hopes that agricultural trade between the two nations could soon return to normal following last week’s trade talks. Washington announced that China had pledged to buy at least 12 million tons of US soybeans by the end of 2025 and a minimum of 25 million tons annually over the subsequent three years, though the commitment has yet to be confirmed by Beijing. Meanwhile, Chinese importers have stepped up purchases of Brazilian soybeans, booking 10 cargoes for December and another 10 for March–July 2026, as prices in Brazil eased after the US–China trade truce. Adding to market uncertainty, the ongoing US government shutdown has disrupted USDA export reporting, leaving investors with limited data to gauge trading activity.
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