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CBOT soybeans end firm on technical buying, trade aid hopes

ReutersOct 7, 2025 7:09 PM

- Chicago Board of Trade soybean futures firmed on Tuesday in a rebound from two sessions of losses, supported by technical and seasonal buying as traders awaited news about trade negotiations with China and a U.S. farmer bailout package, analysts said.

  • CBOT November soybeans SX25 settled 4-1/4 cents higher at $10.22 per bushel. The contract hit overhead technical resistance at its 20- and 50-day moving averages.

  • CBOT December soymeal SMZ25 was 20 cents lower at $276.90 per short ton while December soyoil BOZ25 gained 0.66 cent to end at 51.04 cents per pound.

  • Recent dry weather allowed U.S. farmers to accelerate harvesting of what is forecast to be a bumper soybean crop.

  • The U.S. soybean harvest was estimated to be 39% finished as of Sunday, according to an average of nine analysts polled by Reuters on Monday. The U.S. Department of Agriculture did not release its weekly crop progress estimate due to the government shutdown.

  • The Trump administration is expected to announce a plan this week to bail out U.S. farmers stung by trade disputes and big harvests, with the initial outlay potentially totaling up to $15 billion, according to sources.

  • Traders are also looking ahead to a meeting between U.S. President Donald Trump and China's Xi Jinping at the end of the month when soybean trade will be on the agenda.

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