Chicago Board of Trade soybean futures hovered near a 15-month high on Wednesday after trade sources said China made its first purchases from the autumn U.S. harvest ahead of a summit between leaders Donald Trump and Xi Jinping.
With harvest pressure on canola over, the Canadian oilseed could track higher until spring, said David Derwin, commodity futures advisor for Ventum Financial in Winnipeg, Man. Although he cautioned there will be some rough patches along the way.
The 2025 crop year was an average year for hail across the Canadian Prairies, with overall claim numbers down slightly compared to last year, reported the Canadian Crop Hail Association (CCHA).
Optimism over thawing trade relations between the United States and China gave soybean futures at the Chicago Board of Trade a boost during the week ended Oct. 29, with the advances in the soy market spilling into corn and wheat.
Mexican Agriculture Minister Julio Berdegue said on Wednesday that Mexico and the United States have not yet set a date to resume Mexican cattle exports amid an outbreak of the flesh-eating screwworm parasite.
Forecast issued October 29, covering Oct. 29 to Nov. 5, 2025 Highlights: Overview I can’t say last week’s forecast played out exactly as expected — but that’s not too surprising. Overall confidence was on the low side. While the models did a decent job with the big picture, a few smaller details didn’t line up. […] Read more
China’s state-owned COFCO bought three U.S. soybean cargoes, two trade sources said, the country’s first purchases from this year’s U.S. harvest, shortly before a summit of leaders Donald Trump and Xi Jinping.
Chicago soybean futures reached their highest in 15 months on Tuesday, briefly topping $11 a bushel on optimism that the U.S. could reach a trade deal with China as leaders from both countries are expected to meet in South Korea on Thursday.