{
  "id": 15583526,
  "title": "Chicago soybeans supported by China demand; corn near multi-month low",
  "url": "https://urgent.news/2026/10/19/chicago-soybeans-supported-by-china-demand-corn-near-multi-month-low",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-19T07:28:12.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40444914/chicago-soybeans-supported-by-china-demand-corn-near-multi-month-low"
  },
  "original_language": "en",
  "account": "Chicago soybeans experienced a slight increase on Monday, buoyed by renewed purchases from China, despite the rapid progress of the US Midwest harvest. The leading soybean contract on the Chicago Board of Trade (CBOT) climbed 0.18% to $12.63-1/2 a bushel by 5:10 a.m. GMT. China's recent resumption of US soybean trade has provided a boost to prices. According to the US Department of Agriculture, private sales of 558,000 metric tons of soybeans to China were confirmed on Friday, bringing the total to 1.358 million tons over the past three days. The dry spell across the US Midwest facilitated farmers to accelerate the harvesting of summer crops, with many producers prioritizing soybeans over corn. The CBOT corn price slipped 0.21% to $4.73-1/4 a bushel, continuing a fifth successive session of losses and hovering near a two-month low. The downward pressure on corn prices has persisted since the USDA increased its US corn production forecast in its October report, projecting a 16.034 billion-bushel harvest, the second-largest on record. \"Bullish sentiment in the corn market faded after the USDA projected a larger-than-expected crop, driving prices below $5 a bushel,\" said Johnny Xiang, founder of Beijing-based AgRadar Consulting. Wheat, on the other hand, rose 0.49% to $6.63-3/4 a bushel, recovering from a two-month low reached on Friday. However, optimistic weather forecasts for the upcoming US winter wheat planting season continued to put downward pressure on the market. Commodity funds reported net selling of CBOT corn, soybeans, and wheat, as per traders on Friday.",
  "summary": "BEIJING: Chicago soybeans edged higher on Monday, supported by renewed Chinese purchases of US soybeans, although rapid harvest progress in the US Midwest continued to cap gains. The most-traded soybean contract on the Chicago Board of Trade (CBOT) rose 0.18% to $12.63-1/2 a bushel by 0510 GMT. China’s return to the US soybean market has lent support to prices. On Friday, the US Department of…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}