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04.11.202515:41:11UTC+00Soybeans Retreat Amid China Buying Uncertainty

Soybean futures have decreased to around $11 per bushel, pulling back from the 16-month peak of $11.20 observed on Monday. This decline comes as traders are waiting for confirmation of China's purchases of US soybeans, amid optimism that agricultural trade between the two countries may soon normalize following recent trade discussions. According to a Washington announcement, China has committed to buying at least 12 million tons of US soybeans by the end of 2025 and a minimum of 25 million tons annually over the following three years, although this commitment has not yet been verified by Beijing. In the meantime, Chinese buyers have increased their purchases of Brazilian soybeans, securing 10 shipments for December and an additional 10 from March to July 2026, as Brazilian prices have softened post the US–China trade agreement. Compounding the market's uncertainty is the ongoing US government shutdown, which has hindered USDA export reporting, leaving investors with limited data to assess trading activities.

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