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GRAINS-Soybeans fall for second session on supply pressure, wheat eases

ReutersOct 6, 2025 2:51 AM
  • Rapidly advancing U.S. harvest weighs as China remains absent
  • Wheat falls after gains driven by bargain-buying, corn firms

- Chicago soybean futures lost more ground on Monday, as an advancing U.S. harvest and a lack of Chinese buying continued to weigh on the market.

Corn ticked higher, recouping some of last session's decline, while wheat fell for the first time in four sessions.

"We don't see an upside in Chicago soybean futures until China starts taking U.S. soybeans," said one trader in Singapore.

The most-active soybean contract on the Chicago Board of Trade (CBOT) Sv1 lost 0.1% to $10.17-1/4 a bushel, as of 0239 GMT. Corn Cv1 added 0.1% to $4.19-1/2 a bushel, and wheat Wv1 fell 0.2% to $5.14-1/4 a bushel.

U.S. farmers are scrambling to sell soybeans, with China remaining out of the market, looking for higher sales to other buyers in Asia and importers in Africa.

Importers in China, the top U.S. soybean market by far, have not yet bought soybeans from the autumn U.S. harvest.

U.S. Treasury Secretary Scott Bessent said last week that the federal government would support American farmers in light of China's refusal to buy soybeans and that an announcement would be made on Tuesday.

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