Soybean Futures Poised to Snap Eight-Session Losing Streak on China Demand
Soybean futures rise after strong USDA export sales, with Chinese buying returning and weekly sales the largest since November 2023, per Market Talk.
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what happened
Soybean futures are on track to end an eight-session decline, Market Talk reports, after the US Department of Agriculture published strong weekly export data. Mike Castle of StoneX called export demand very robust compared with recent years, linking it to renewed purchases from China.
Sales for the week ended October 16 reached 104.4 million bushels, the biggest weekly figure since November 2023, according to Castle. Cumulative sales for the 2026/27 marketing year are at their highest level since 2022. The agency additionally logged 202,000 metric tons in flash sales destined for China. At the time of reporting, CBOT soybean futures were up 0.7%.
why it matters
Steady exports support soybean prices, as foreign demand for American supplies remains high. Farm commodity traders may watch the pace of Chinese purchases in the coming weeks, since it will shape whether the market can hold gains after a run of declines. For the broader market, the report signals firmer demand for agricultural raw materials.
market impact
Soybeans and farm commodities: strong export demand from China supports prices
tags
instruments
sources
- Soybean Futures Set to End Losing Streak — Market Talk, 22 October 2026 at 18:09 UTC
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