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Soybeans Surge: China's Moves, Brazil's Edge, and the US Harvest Hustle

Soybeans Surge: China's Moves, Brazil's Edge, and the US Harvest Hustle

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This is your Daily Soybeans Price Tracker with Vanessa Clark podcast.

Hello everyone and welcome back to the Daily Soybeans Price Tracker. I’m Vanessa Clark, here to keep you updated with the latest soybean market news and insights so you can make informed decisions, whether you’re a grower, trader, or just curious about global commodity trends.

Let’s kick things off by talking about today’s soybean prices. On Wednesday, November twelfth, soybeans traded higher, reaching about eleven hundred seventeen dollars per bushel. That marks a climb of more than ten percent over the past month, pushing us to the highest levels seen since July of last year. According to Trading Economics, this rally is linked to recent developments in global trade, as China announced it would restore export eligibility for three US firms starting November tenth. While this news set the stage for positive momentum, traders are still watching closely to see how it all plays out in actual purchases.

It’s been a bit of a rollercoaster for soybean futures recently. After hitting a sixteen-month high earlier in November, prices have bounced between ten ninety and eleven twenty per bushel. This week, market participants are digesting several important factors, including China’s tentative steps toward buying more American soybeans as part of a wider effort to thaw relations with the United States. However, industry analysts say China’s large purchases from Brazil earlier this year and a current glut of soybeans sitting at Chinese ports are likely to keep demand for US beans in check for the near future.

Bloomberg reports that while Beijing has reduced tariffs and made some diplomatic moves to ease trade tensions, many within the industry view China’s stated commitment to buy twelve million tons of US soybeans this year as more of a gesture than a guaranteed deal. Chinese buyers are still favoring more affordable Brazilian beans, especially with high stockpiles at home and weak processing profit margins. Soybean stocks at Chinese ports reached a record ten point three million tons in November, which could slow down future buying until these inventories are drawn down.

Let’s bring it home to US growers. According to ADM Investor Services and other ag market analysts, the latest crop estimates put this year’s US soybean harvest at about four point two six billion bushels, slightly lower than September’s forecast. Even with reduced output, ending stocks are holding steady around three hundred million bushels, as lower export demand offsets the smaller harvest. With managed funds holding significant long positions in soybean futures, some traders are keeping a close eye on weather conditions in central Brazil, where dryness could impact future supplies and also factor into global price dynamics.

Looking ahead, market watchers are focused on Friday’s USDA crop production report, which could move prices further if there are surprises in yield or export numbers. For those in the business, staying nimble and informed is key, especially as headlines about international trade and shifting supply chains continue to ripple through the market.

If you rely on soybeans for your farm, food operation, or trading strategy, consider what all this means for planning ahead. Pay attention to export trends and watch for opportunities when prices near multi-month highs, but remember that volatility remains a constant companion in commodity trading. Diversifying supply sources and monitoring major global buyers like China and Brazil can help you stay a step ahead.

That’s all for today’s episode of the Daily Soybeans Price Tracker. Thanks for listening and spending part of your day with me, Vanessa Clark. Be sure and subscribe so you never miss an update, and tune in next time for more insightful news and analysis you can trust. Have a great day and happy trading!

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