Soybeans Rebound on Brazil Planting Delays
Soybean futures climbed toward $13.1 per bushel, bouncing off from multi-week lows as slower planting in Brazil and signs of continued export demand lifted prices. About 7.3% of soybean crop in Brazil, the world’s largest exporter, had been planted as of Thursday, below 9% a year earlier, with consultancy AgRural estimating 2026/27 production at 182.7 ...
Soybean futures surged to near $13.10 per bushel, climbing away from multi-week lows, as Brazilian planting delays and signs of sustained export demand drove prices higher. According to figures released on Thursday, only 7.3% of Brazil's soybean crop had been planted, marking a decline from 9% last year. AgRural, a consultancy, anticipates a production volume of 182.7 million metric tons for the 2026/27 season, slightly surpassing the record 180.5 million tons recorded in the previous year.
The US Department of Agriculture (USDA) maintains a slightly higher projection of 186 million tons. On the demand side, a major buyer acquired 104,000 tonnes of US soybeans, while export inspections totaled 3.99 million tonnes since the beginning of September, reflecting a notable increase from 3.05 million tonnes a year earlier.
However, the gains in soybean prices remained constrained by the anticipation of a substantial US soybean harvest and a declining appetite for Chinese soybeans. China's imports are being hampered by surplus inventories, unfavorable crushing margins, and an extra 10% tariff imposed on US soybeans. Meanwhile, private buyers continue to lean towards supplies originating from Brazil and Argentina.
Written by urgent.news from Hellenic Shipping News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
