{"id":33653,"date":"2025-10-31T12:00:53","date_gmt":"2025-10-31T04:00:53","guid":{"rendered":"https:\/\/www.vtmarkets.com\/?p=33653"},"modified":"2025-10-31T12:00:53","modified_gmt":"2025-10-31T04:00:53","slug":"soybeans-hit-15-month-high-on-china-buys","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/en-ca\/analysis\/soybeans-hit-15-month-high-on-china-buys\/","title":{"rendered":"Soybeans Hit 15-month High on China Buys"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"559\" src=\"https:\/\/www.vtmarkets.com\/en-ca\/wp-content\/uploads\/sites\/13\/2026\/03\/Image_fx-2025-10-31T115555543-1024x559.jpg\" alt=\"\" class=\"wp-image-33656\" \/><\/figure>\n\n\n\n<p><strong>Key Points<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Soybeans<\/strong> gained <strong>over 10% in October<\/strong>, their biggest monthly rise since <strong>January 2022<\/strong>.<\/li>\n\n\n\n<li><strong>CBOT soybeans<\/strong> traded near <strong>$11.10 per bushel<\/strong>, extending gains on improved export sentiment.<\/li>\n\n\n\n<li><strong>China pledged to buy 12 million metric tons<\/strong> of U.S. soybeans through January, and <strong>25 million tons annually<\/strong> for the next three years.<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-dots\" \/>\n\n\n\n<p>Soybean futures surged in October, driven by renewed optimism over agricultural trade between the U.S. and China. The rally capped a volatile month for commodities, as political progress and trade diplomacy overshadowed earlier concerns about weak global demand and high production costs.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Trade Truce and Purchase Commitments<\/h2>\n\n\n\n<p>The rally gained momentum after U.S. President <strong>Donald Trump<\/strong> announced that Beijing had agreed to ramp up imports of American soybeans as part of a <strong>new trade truce<\/strong>.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">While Trump champions resumption of US soybean sales to China after his meeting with Xi Jinping, Brazil now dominates the global market <a href=\"https:\/\/t.co\/ISMJdZZfFY\">https:\/\/t.co\/ISMJdZZfFY<\/a><\/p>&mdash; Bloomberg (@business) <a href=\"https:\/\/twitter.com\/business\/status\/1983998407115964720?ref_src=twsrc%5Etfw\">October 30, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>Under the deal, China is set to purchase <strong>12 million metric tons<\/strong> of soybeans by January and an average of <strong>25 million tons per year<\/strong> through the next three years, according to U.S. Treasury Secretary <strong>Scott Bessent<\/strong>.<\/p>\n\n\n\n<p>Trump said the agreement also involves <strong>tariff reductions<\/strong> and <strong><a href=\"https:\/\/t.co\/Imo026pVe2\" target=\"_blank\" rel=\"noopener nofollow\" title=\"\">cooperation on the illicit fentanyl trade<\/a><\/strong>, while ensuring continued Chinese exports of <strong>rare earth materials<\/strong> critical to U.S. industries.<\/p>\n\n\n\n<p>The news was welcomed by U.S. farmers, many of whom have <a href=\"https:\/\/t.co\/HB7TAyT3XP\" target=\"_blank\" rel=\"noopener nofollow\" title=\"\">faced falling profit margins<\/a> amid high input costs and subdued export demand. However, <strong>analysts remain cautious<\/strong> about the lack of clarity over the timeline and structure of the purchase commitments.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Technical Analysis<\/h2>\n\n\n\n<p>Soybean futures climbed to around <strong>$10.89 per bushel<\/strong>, extending their <strong>October rally<\/strong> as traders reacted positively to the <strong>Trump\u2013Xi meeting<\/strong>, which rekindled optimism around agricultural trade flows between the U.S. and China.<\/p>\n\n\n\n<p>The pair\u2019s reaffirmed cooperation on food security and supply chain stability lifted sentiment in grain markets, fuelling expectations of stronger Chinese import demand.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/www.vtmarkets.com\/en-ca\/wp-content\/uploads\/sites\/13\/2026\/03\/image-42-1024x450.jpg\" alt=\"\" class=\"wp-image-33654\" \/><\/figure>\n\n\n\n<p>Technically, the chart shows a <strong>clear bullish breakout<\/strong>, with prices surging past the previous resistance zone near <strong>$10.80<\/strong>, supported by the short-term moving averages (5, 10, and 30) aligning upward.<\/p>\n\n\n\n<p>The <strong>MACD indicator<\/strong> confirms strong bullish momentum, with widening histogram bars and a positive crossover that suggests further upside potential.<\/p>\n\n\n\n<p>The rally builds on a strong recovery from August lows around <strong>$9.60<\/strong>, reflecting improved U.S. export demand and easing inventory concerns.<\/p>\n\n\n\n<p>However, with prices now approaching overbought territory, traders may look for <strong>profit-taking near the $11.00 psychological mark<\/strong>, while maintaining a generally <strong>bullish bias<\/strong> as long as price action stays above <strong>$10.50 support<\/strong>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Outlook<\/h2>\n\n\n\n<p>Soybean prices are likely to remain supported in the short term as traders await concrete shipment data confirming China\u2019s new purchases.<\/p>\n\n\n\n<p>Any signs of delay or partial fulfilment could weigh on sentiment. In contrast, confirmation of delivery volumes would likely drive further upside momentum heading into the final quarter of the year.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.vtmarkets.com\/trade-now\/\" target=\"_blank\" rel=\"noopener\" title=\"\">Create your live VT Markets account<\/a> and <a href=\"https:\/\/myaccount.vtmarkets.com\/login?_gl=1*5vyjdn*_gcl_au*Njc1MzM0NjY0LjE3NTEzNTM4MTc.*_ga*MjA5ODA0NDIzNC4xNzI3OTE1ODQ1*_ga_J26NL1ZVX7*czE3NTE4NzkxMDYkbzMwOCRnMSR0MTc1MTg3OTExOCRqNDgkbDAkaDA.*_ga_6XQ8153GYW*czE3NTE4NzkxMDgkbzU3JGcxJHQxNzUxODc5MTE4JGo1MCRsMCRoMA..*_ga_BG6LYEHPX1*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMTgkajUwJGwwJGgw*_ga_J8BRGZSREX*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjIkajQ2JGwwJGgw*_ga_7CG6454YR5*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjIkajQ2JGwwJGgw*_ga_69Z54R4H9N*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjIkajQ2JGwwJGgw*_ga_CY2VCKFC3C*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjIkajQ2JGwwJGgw*_ga_TXZ07R2C21*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjUkajQzJGwwJGgw*_ga_17TMGY9BBE*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjUkajQzJGwwJGgw*_ga_MWDVVSEVL5*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjUkajQzJGwwJGgw*_ga_2QCC3S2748*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjUkajQzJGwwJGgw*_ga_E7D2PCX624*czE3NTE4NzkxMjYkbzUkZzAkdDE3NTE4NzkxMjYkajYwJGwwJGgw*_ga_XJ4037XKK6*czE3NTE4NzkxMjYkbzUkZzAkdDE3NTE4NzkxMjYkajYwJGwwJGgw*_ga_EJCVQDC7VT*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjYkajQyJGwwJGgw\" target=\"_blank\" rel=\"noopener\" title=\"\">start trading<\/a> now.<\/strong><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Soybean futures hit a 15-month high as reports of China boosting U.S. purchases under a new trade truce lift optimism. \u2013 vtmarkets.com<\/p>\n","protected":false},"author":64,"featured_media":33656,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[31],"tags":[5],"class_list":["post-33653","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","tag-commodities"],"acf":{"acf_article_selection_author":""},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts\/33653","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/users\/64"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/comments?post=33653"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts\/33653\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/media\/33656"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/media?parent=33653"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/categories?post=33653"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/tags?post=33653"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}