Chicago, November 2025 – U.S. soybean prices on the Chicago Board of Trade (CBOT) are under close watch as South American weather conditions in December and early January are expected to heavily influence the Brazilian crop, according to AgResource. The firm noted that "the U.S. soybean export window of opportunity is closing, with non-Chinese demand being filled by Brazil and Argentina."

The U.S. Department of Agriculture (USDA) reported a flash sale of 312,000 metric tons of soybeans to China for the 2025/26 marketing year. Overall, U.S. exports to China have totaled between 3.5 million and 4 million tons. However, AgResource warns that due to the higher economic costs for China to source soy from the U.S. versus Brazil, most future shipments are likely to occur during the summer months.

CBOT soybean futures were up 0.4% at $11.35 ½ per bushel, reflecting market attention on both South American crop conditions and U.S.-China trade flows.