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NewsCommodities

CBOT soybeans higher amid uncertainty over war, Chinese demand

ReutersMar 26, 2026 6:54 PM

CHICAGO, March 26 (Reuters) - Chicago Board of Trade soybean futures turned slightly higher on Thursday as market players awaited a potential biofuels announcement and monitored the Iran war and signs of Chinese demand for U.S. soybeans.

The soybean market is assessing prospects for further Chinese demand after Wednesday's news that U.S. President Donald Trump will now visit Beijing on May 14-15 in a rescheduled trip.
The news helped push soybeans higher on Wednesday, reviving speculation about fresh Chinese purchases as part of trade negotiations.
However, analysts remain cautious given China's shift toward Brazil in recent weeks as the South American country wraps up an expected record harvest.
U.S. Department of Agriculture reported net weekly U.S. soybean export sales for the current and next marketing years at 695,907 metric tons for the week ended March 19, above the range of analyst estimates.
CBOT May soybeans SK26 settled 2 cents higher to end at $11.73-3/4 per bushel.
CBOT May soymeal SMK26 rose $2.30 to end at $322.10 per short ton.
CBOT May soyoil BOK26 ended up 0.92 to 68.02 cents per pound.

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