CBOT soybeans sag as traders watch for US trade deal with China
DBA•Soybeans weaken as market waits for China trade signals
Chicago Board of Trade soybean futures finished weaker on Wednesday as traders watched for signs of Chinese deals for US agricultural goods ahead of a summit between Presidents Donald Trump and Xi Jinping.
- US President Donald Trump is set to hold talks with Chinese President Xi Jinping in Washington on Thursday.
- Traders were waiting to see whether Beijing may remove a 10% import duty on US soybeans that has discouraged private Chinese buyers from making purchases.
- China is by far the world's largest soybean importer.
- The US Department of Agriculture has not confirmed sales of US soybeans to China this week in its daily reporting system.
- On Thursday, analysts expect USDA to report total US soybean export sales for 2026-27 were 1.5 million to 2 million metric tons in the week that ended on September 17, according to a Reuters poll.
- CBOT November soybeans SX26 closed down 7-1/2 cents at $13.18 per bushel.
- CBOT December soymeal SMZ26 ended down $0.10 at $370.60 per ton. CBOT December soyoil BOZ26 dropped 0.11 cent to end at 67.81 cents per pound and touched the lowest level since August 27.
