Soybean Prices Decline as China Meeting Fails to Deliver

Soybean prices fell due to fund and technical selling, with traders waiting for news from the high-level meeting between China. The trade truce extension through January 2027, including a cap on tariffs, was not enough to boost markets. In fact, there were no significant developments reported during the session.

China did buy 120,000 tons of U.S. beans ahead of the open, but weekly sales numbers were bearish at 21.4 million bushels, led by China and Japan. Soybean meal and oil futures finished mixed, mostly lower, adjusting spreads.

Corn prices also declined on fund and technical selling, with harvest delays probable in parts of the Corn Belt due to rain. There are quality concerns in some areas, and corn is keeping an eye on early planting activity in South America.