SOYB•| Last | Change | Pct Move | |
|---|---|---|---|
| CBOT wheat Wv1 | 717.25 | -13.50 | -1.85 |
| CBOT corn Cv1 | 531.25 | -3.00 | -0.56 |
| CBOT soy Sv1 | 1317.25 | -3.25 | -0.25 |
| Paris wheat BL2c1 | 242.00 | -2.50 | -1.02 |
| Paris maize EMAc1 | 262.00 | 0.00 | 0.00 |
| Paris rapeseed COMc1 | 545.25 | -5.50 | -1.00 |
| WTI crude oil CLc1 | 100.75 | -1.68 | -1.64 |
| Euro/dollar EUR= | 1.15 | 0.00 | 0.07 |
Supply concerns have also underpinned soybeans this week.
A monthly industry report showing that August soybean crushing in the U.S. was lower than expected stirred concerns about availability of beans and co-products soymeal and soyoil.
The risk of rain delays to U.S. harvesting and an official Brazilian forecast projecting the country's smallest growth in soybean acreage in 20 years also raised doubts over global supply.
U.S. soybean futures were little changed on Thursday after approaching a three-year high, with the run-up to next week's meeting between presidents Donald Trump and Xi Jinping keeping attention on Chinese demand for U.S. soy, analysts said.
Corn and wheat fell, curbed by a further fall in crude oil as well as lingering hopes of a diplomatic breakthrough to ease disruptions to Black Sea grain trade.
The most-active soybean contract Sv1 on the Chicago Board of Trade (CBOT) was down 0.25% at $13.17-1/4 a bushel at 1158 GMT, after approaching Friday's three-year peak of $13.35-1/4 earlier in the session.
China has now passed the halfway mark toward its commitment to buy 25 million metric tons of U.S. soybeans, agreed with Washington last October.
U.S. Treasury Secretary Scott Bessent said on Tuesday that he planned to meet his Chinese counterpart He Lifeng this weekend, ahead of the leaders' meeting next week.
"Market participants are awaiting confirmation and details of the expected increase in U.S. exports of agricultural goods to China," Argus analysts wrote.
Traders will get an update on current export demand from weekly U.S. export sales figures later on Thursday.
CBOT corn Cv1 was down 0.56% at $5.31-1/4 a bushel and CBOT wheat Wv1 fell 1.85% to $7.17-1/4 a bushel.
The corn market was waiting for a clearer picture of U.S. harvest yields, with rain this week set to slow field work.
Wheat traders said an AFP report, which cited a Turkish proposal sent to Russia and Ukraine for a truce on strikes against commercial shipping in the Black Sea, put attention back on de-escalation prospects.
However, traders were cautious given that Turkey has already flagged such proposals and with a deal to halt strikes on energy infrastructure announced by Donald Trump on Monday showing little effect on the ground.
