Soybeans futures price increased to $13

Soybeans futures price increased to $13.12 after private analysts cut U.S. yield estimates. The market is weighing the likelihood of further upward revisions to demand if supply tightens into fall. Fundamentally, the global supply and demand balance sheet for soybeans is tight amid solid worldwide demand, especially from China. This week’s news that President Donald Trump said U.S. soybean sales to China will be a “main topic” when he meets with Chinese leader Xi Jinping in late October was a psychological boost for the soybean futures market bulls. Cargoes were also bought out of Brazil, with volumes for July loading reported at 160 cents per bu over July CME futures and at least one cargo for loading in February 2026 changing hands at 125-127 cents per bu over March CME futures. With CBOT soybeans futures price trading around $13.04, analysts highlight that near-term volatility will hinge on U.S. weather maps. A colder May outlook could restrain planting and lend further upward bias to prices.