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2025-10-24 19:00:37
[Soybean weekly line is the strongest in ten weeks, and the dawn of trade cannot hide the supply pressure] ⑴ Chicago soybean futures fell back to $10.43 per bushel on Friday, but are still expected to record the largest single-week increase in ten weeks. ⑵ Trump reiterated that soybean purchases will be a core issue. ⑶ Analysts pointed out that the possibility of a trade agreement supports market optimism, but it is difficult to achieve a substantial breakthrough in the short term. ⑷ Asian buyers continue to avoid purchasing new crops from the United States and turn to South American sources. The sales window for American farmers is gradually narrowing. ⑸ Corn futures also fell back to $4.265, and wheat fell to $5.12. Both still maintained their second consecutive weekly increase. ⑹ The International Grains Council raised its global wheat production forecast, and the inventory estimates of major exporting countries were 11 million tons higher than the US Department of Agriculture.
