Soybean Futures Surge on US Policy Support Signals

Soybean futures climbed toward $10.18 a bushel, the highest since late September, as markets weighed the prospects of renewed Chinese demand after President Trump said soybeans would be a key topic in his upcoming meeting with Chinese counterpart Xi Jinping in four weeks.

The remarks spurred some buying, though ample supply and China’s continued absence from the US market may limit gains.

Meanwhile, Treasury Secretary Scott Bessent said that with China still refusing to purchase U.S. autumn soybeans—costing American farmers billions in lost sales—the federal government will unveil targeted aid measures next Tuesday.

He added that recent trade agreements include agricultural purchase commitments and that Washington will encourage alternative markets to help offset the gap left by China.

The administration also plans to work with the Farm Credit Bureau to ensure farmers maintain access to financing and production support.