Soybean International News
05-Nov-2025 08:12 AM
Soybean International News
Brazilian FOB offers have moved lower to remain competitive amid the rally in the US market, attracting some interest from Chinese buyers. With the government shutdown and export sales data not being reported, the market is trying to assess how much US business China has taken. Basis movement in the North and PNW indicates that buyers have been somewhat active.
Bangladesh has agreed to increase its purchase of US soybeans and meal to $1.25 billion over the next 12 months, nearly triple last year’s purchases.
According to S&P Global, the US soybean yield estimate remains at 53 bushels per acre, unchanged from last month, with total production at 4.26 billion bushels. USDA is scheduled to release its latest data next Friday, November 14.
The European Commission reported that EU soybean imports totaled 3.81 MMT from July 1 to November 2, down 0.78 MMT from the same period last year.