Soybeans edge higher ahead of key USDA report - CBOT
Weak Chinese demand limits market gains
13 November 2025
1 minute read
By: Chicago soybeans rose slightly on Wednesday ahead of US data on global supply and demand due Friday, the first update in weeks, reported Reuters. However, a lack of large-scale Chinese purchases kept gains in check. Corn prices inched higher, while wheat slipped.
The most-active soybean contract on the Chicago Board of Trade (CBOT) gained 0.07% to $11.28 a bushel as of 0119 GMT, with corn up 0.17% at $4.32-3/4 a bushel and wheat down 0.37% at $5.34 a bushel.
China has begun modest purchases of US farm products after a recent meeting between national leaders, but traders await major soybean deals following a White House statement that Beijing pledged to buy 12 million tons by year-end.
State trader COFCO’s oilseed unit said Monday it had signed agreements to buy over $10 billion worth of Brazilian soybeans, soybean oil, palm oil and other farm goods, without mentioning U.S. purchases.
Market participants are awaiting the US Department of Agriculture’s (USDA) updated corn and soybean production and yield estimates on Friday. Analysts expect the USDA to lower its US corn yield forecast to 184.0 bushels per acre from 186.7, and soybean yields to 53.1 bushels per acre from 53.5.
Thailand’s cabinet on Tuesday approved plans to increase US corn imports and cut tariffs to zero. Commodity funds were net buyers of CBOT corn and wheat futures on Tuesday, traders said.
Asian stocks opened higher as the US Congress moved toward ending the federal shutdown and traders awaited new economic data for direction.
