Soybeans ($SOY) Commodity Forecast: Down 2.3% Today

What is Soybeans?

Soybeans are a popular commodity, with a recent bearish movement in the market.

Why is Soybeans going down?

SOY commodity is down 2.3% on Nov 14, 2025 17:05

• Soybean futures hit their highest level since July 2024, reaching above $11.20 per bushel, driven by anticipation for the USDA update on global supply and demand.
• Despite the lack of large-scale purchases from China, with traders still waiting for major soybean deals, Chinese state trader COFCO announced agreements to buy Brazilian soybeans and other agricultural products, casting uncertainty on US purchases.
• Investors are eagerly awaiting the US soybean yield report, expecting it to come in slightly below the USDA's previous estimate, which could impact future market movements.
• The recent 11% gain in Soybeans over the past 4 weeks and 12 months indicates a bullish trend, but the market's reaction to the USDA report will be crucial in determining future price movements.

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SOY News

Soybean Futures Hit Highest Since July 2024

Soybean futures rose above $11.20 per bushel, marking their highest level since July 2024, as markets anticipate Friday’s USDA update on global supply and demand, the first in several weeks. Gains were moderated by the lack of large-scale purchases from China, despite recent modest buying of US farm products following a US-China meeting last month. The White House has said Beijing pledged to purchase 12 million tons by year-end, but traders are still awaiting major soybean deals. Chinese state trader COFCO announced agreements to buy over $10 million of Brazilian soybeans and other agricultural products, without mentioning any US purchases. Looking ahead, investors expect the US soybean yield in Friday’s report to come in at 53.1 bushels per acre, slightly below the USDA’s September 12 estimate of 53.5 bpa.

Soybeans Hits 15-month High

Soybeans increased to 1121.00 USd/Bu, the highest since July 2024. Over the past 4 weeks, Soybeans gained 11%, and in the last 12 months, it increased 11%.

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Soybeans Price History

08.10.2024 - SOY Commodity was up 2.5%

• The bullish movement in soybean prices today can be attributed to the rebound from a recent nine-week low, supported by strong U.S. demand and rising crude oil prices.
• The increase in soybean futures was also driven by higher U.S. soybean exports reported by the USDA, indicating healthy demand for the commodity.
• Despite the downward pressure from a stronger U.S. dollar and ample supply, the market sentiment turned positive due to the supportive factors of demand and export figures.
• The shift in planting patterns in Argentina and Brazil towards soybeans due to low corn prices and expected dry conditions also contributed to the bullish movement in soybean prices.

04.03.2025 - SOY Commodity was down 2.0%

• The bearish movement in Soybeans today is due to escalating trade tensions between the U.S. and its major trading partners, particularly China. This has raised fears of retaliatory tariffs on American agricultural products.
• The market was further influenced by higher-than-expected soybean stockpiles reported by the USDA, indicating ample domestic supplies and increased competition from South America.
• Uncertainty regarding U.S. import tariffs and their potential impact on soybean exports added to the downward pressure on prices.
• Traders monitored weather conditions in key growing regions and awaited new estimates on U.S. plantings, which were anticipated to indicate a reduction in soybean acreage, further impacting market sentiment.

13.05.2025 - SOY Commodity was up 0.9%

• Weak demand for soyoil and biodiesel fuel contributed to the decline in soybean futures prices.
• The USDA's unchanged forecast for US soybean supply, usage, and average price at $10.25 per bushel maintained market stability.
• Global adjustments, including increased beginning stocks and ending stocks primarily in China, added to the cautious sentiment in the soybean market.
• Despite steady domestic fundamentals, bearish sentiment in soy product markets and global factors kept soybean futures under pressure, leading to a decline in prices.

30.09.2025 - SOY Commodity was up 0.9%

• The bullish movement in soybeans today can be attributed to the optimism surrounding the US-China trade talks and the potential increase in soybean purchases by China.
• President Trump's announcement of China pledging to buy significant volumes of US soybeans immediately after the meeting with President Xi Jinping has fueled market sentiment.
• The prospect of increased US supply to China and the potential easing of trade tensions could put pressure on Brazilian soybean prices, as China is a significant market for Brazilian exports.
• The market tracking has been impacted by the partial US government shutdown, but private analysts estimate a substantial portion of the 2025 US crop has already been harvested, adding to the positive outlook for soybeans.

30.09.2025 - SOY Commodity was down 0.4%

• Despite recent optimism surrounding a potential US-China trade deal and increased soybean purchases by China, the market saw a bearish movement, possibly due to profit-taking by investors after a period of significant gains.
• The ongoing partial US government shutdown limiting market tracking data may have added uncertainty and contributed to the bearish sentiment.
• The record soybean harvest projections in Brazil and the anticipation of increased acreage in Argentina could have also weighed on prices, as higher supply expectations may have dampened market outlook.
• It's essential to monitor further developments in US-China trade negotiations and global crop yields to gauge future market movements for soybeans.

10.00.2025 - SOY Commodity was up 2.8%

• Soybean futures dropped below $10 per bushel as profit-taking occurred following forecasts of rain in drought-affected areas of Argentina.
• Concerns about the possible impact of proposed tariffs by President-elect Donald Trump on U.S. soybean prices are creating market uncertainty, potentially leading to prices below farmers' production costs.
• The combination of improved weather conditions in Argentina and trade policy worries is contributing to price volatility in the soybean market. Traders are closely watching these factors for future market trends.

11.07.2025 - SOY Commodity was up 1.5%

• The bullish movement in soybeans today can be attributed to a rebound from a four-month low, driven by renewed demand for the oilseed due to lower prices.
• Strong weekly net export sales reported by the USDA and increased buying interest, particularly from export markets, have boosted optimism for demand, contributing to the price recovery.
• The competitiveness of US soybeans abroad has been enhanced by the recent price drop and dollar weakness, attracting buyers and supporting the upward movement in prices.
• Despite concerns about ample supply and favorable growing conditions in the US, factors such as fund short covering and expectations of slower growth in Brazil's soybean area have helped support soybean prices and led to today's bullish market movement.

31.02.2025 - SOY Commodity was down 0.5%

• Soybean futures surged to a 4-week high of $10.30 per bushel, driven by anticipation of reduced U.S. plantings and concerns over potential retaliatory tariffs in the escalating trade war.
• The announcement of reciprocal tariffs targeting all nations, along with reports of a more aggressive stance on tariffs, added to the uncertainty in the soybean market.
• Despite the recent gains, soybeans have faced a significant decline of 14.55% over the past year, reflecting the ongoing challenges and fluctuations in the market.

10.06.2024 - SOY Commodity was down 2.9%

• Soybeans hit a 10-week low at 1142.00 USd/Bu, signaling a significant downward trend.
• Over the past 4 weeks, there has been a continuous decrease with a substantial 17.04% drop in the last 12 months, indicating a persistent bearish sentiment.
• Possible factors contributing to the downward pressure on soybean prices may include oversupply, trade tensions affecting export demand, and unfavorable weather conditions impacting crop yields.

12.07.2025 - SOY Commodity was up 0.7%

• Comments on China potentially increasing soybean orders from the U.S. led to a surge in soybean futures, showcasing the market's sensitivity to trade dynamics influenced by global events.
• Despite the temporary rally, ongoing concerns about the bumper U.S. harvest and China's preference for South American supplies continue to exert downward pressure on soybean prices.
• The upcoming report on corn and soybean production estimates is anticipated to provide further insight into the supply outlook, with expectations of a large harvest contributing to market uncertainties.
• The recent rebound in soybean prices from a four-month low was driven by increased buying interest due to lower prices, strong export sales, and fund short covering, highlighting the market's responsiveness to pricing and demand dynamics.

14.10.2025 - SOY Commodity was down 2.3%

• Soybean futures hit their highest level since July 2024, reaching above $11.20 per bushel, driven by anticipation for the USDA update on global supply and demand.
• Despite the lack of large-scale purchases from China, with traders still waiting for major soybean deals, Chinese state trader COFCO announced agreements to buy Brazilian soybeans and other agricultural products, casting uncertainty on US purchases.
• Investors are eagerly awaiting the US soybean yield report, expecting it to come in slightly below the USDA's previous estimate, which could impact future market movements.
• The recent 11% gain in Soybeans over the past 4 weeks and 12 months indicates a bullish trend, but the market's reaction to the USDA report will be crucial in determining future price movements.

14.07.2024 - SOY Commodity was down 6.3%

• The near 4-year low in soybean prices reflects a pronounced downward trajectory.
• Ongoing price declines indicate a potential imbalance between supply and demand.
• The market's bearish trend may be influenced by trade disputes, weather-related harvest issues, or changing consumer preferences impacting soy product demand.