{
  "id": 5510402,
  "title": "Soybeans set for fourth weekly gain on China demand, US weather concerns",
  "url": "https://urgent.news/2026/09/04/soybeans-set-for-fourth-weekly-gain-on-china-demand-us-weather",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-04T06:17:51.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40437909/soybeans-set-for-fourth-weekly-gain-on-china-demand-us-weather-concerns"
  },
  "original_language": "en",
  "account": "Chicago soybeans have edged 0.06% lower, but are still on track for a fourth consecutive weekly gain, driven by Chinese purchases and weather concerns. The most-active soybean contract on the Chicago Board of Trade (CBOT) hovered near its highest level in nearly three years, sitting at $13.15-1/2 a bushel. This weekly gain of 2.12% reflects ongoing Chinese demand for US soybeans following a reaffirmation of China's commitment to purchase 25 million metric tons annually through 2028. The United States Department of Agriculture reported that exporters sold 192,000 metric tons of soybeans to China for delivery in the upcoming 2026/27 marketing year. Discussions on agriculture and non-tariff barriers between the US and China are anticipated during Chinese President Xi Jinping's upcoming visit to Washington. Meanwhile, corn prices fell 0.09% to $5.40-1/4 a bushel, but are expected to continue their fourth weekly gain due to lower yield expectations and ongoing risks to Black Sea corn trade. Wheat remained flat at $7.54-1/4 a bushel after recent profit-taking, marking a 3.8% decline for the week. The USDA is set to release updated crop estimates on September 11. Commodity funds have been net sellers of CBOT wheat and corn.",
  "summary": "BEIJING: Chicago soybeans dipped on Friday but remained on track for a fourth consecutive weekly gain, supported by Chinese purchases of US soybeans and concerns over hot, dry weather in key US growing areas. The most-active soybean contract on the Chicago Board of Trade (CBOT) edged 0.06% lower at $13.15-1/2 a bushel by 0222 GMT, but hovered near its highest level in nearly three years. The…",
  "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."
}