CBOT soybeans lower on demand worries, ample supply
CHICAGO, Dec 19 (Reuters) - Chicago Board of Trade soybean futures declined for a sixth day on Friday, reaching their lowest price since October 24, as speculators continued to unwind long positions due to ample supply and doubts over Chinese demand.
CBOT January soybeans SF26 settled 3 cents lower at $10.49-1/4 per bushel.
CBOT March SMH26 soymeal futures settled $1.20 lower at $301.10 per short ton.
Most-active March soyoil BOH26 ended 0.18 cent lower at 48.44 cents per pound.
Uncertainty over when China may meet a target of 12 million tons in purchases of U.S. soybeans under a trade truce between Beijing and Washington has dampened the soybean market, particularly in the run-up to what is expected to be another bumper Brazilian harvest in early 2026.
On Friday morning, exporters sold 134,000 metric tons of U.S. soybeans to China, the U.S. Department of Agriculture said in a daily reporting system.
Favorable crop weather in Brazil, a major soybean exporter, has also dampened prices.
Related Articles
TradingKey 2025 Markets Recap & Outlook | Bitcoin Price Repeatedly Hits New Highs, 2026 Can BTC Write Another Legend?
Multiple tailwinds in 2025 propelled Bitcoin to new highs, but many of these positives have already been priced in. In 2026, Bitcoin faces challenges such as liquidity tightening, as well as regulatory and monetary policy uncertainties. Wall Street is divided on Bitcoin's future outlook, with target
TradingKey 2025 Markets Recap & Outlook | Global Central Banks 2026 amid Post‑Easing Recovery and Diverging Paths
TradingKey - In 2025, major global central banks will largely maintain an accommodative stance, but the policy pace will decelerate notably. As the easing cycle draws to a close, how will global monetary policy evolve?
Ripple Price Prediction: Why Is XRP Price Falling? Can It Rise to $10 in the Future?
XRP has weakened this year due to profit-taking, capital outflows, and its correlation with Bitcoin. Despite support from potential spot ETFs and positive regulatory developments, significant market divergence, liquidity uncertainty, and macroeconomic uncertainty remain high. XRP's price is likely t
Elon Musk’s SpaceX Poised for Record-Breaking IPO: How Can Retail Investors Get In on the Action of Starlink Stock?
TradingKey - Elon Musk's rocket manufacturer SpaceX is expected to launch an IPO in 2026, with a target IPO valuation projected to reach $1.5 trillion. However, prior to its listing, the stock can only be traded in the private market, characterized by low information transparency and high capital ba
