CBOT Soybeans Weekly Report: Soybeans rise, benchmark contract closes up 1.9%

Gold Ten Futures, September 15th, according to foreign media reports, as of September 12, 2025 in the week, the Chicago Board of Trade (CBOT) soybean futures rose, the benchmark contract closed up 1.9%. Although the US Department of Agriculture raised the US soybean production forecast, but short cover boosted the price rebound. The market is concerned about the outcome of the talks between China and the United States in Madrid. Considering the continued absence of Chinese buyers, the US soybean harvest is expected, and the US soybean rebound space will be restricted. The USDA supply and demand report shows that due to the impact of the increase in planting area exceeding the decrease in unit yield, the output of US soybeans in 2025 will be slightly higher 9 million to 4.301 billion. Exports will be reduced by 20 million to 1.685 billion, due to intense competition. China has not yet purchased new US beans and continues to turn to South American supply. Brazilian soybean exports are expected to reach 7.43 million tons in September, an increase of 44% year-on-year.