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Soybeans Getting an Early Turnaround Tuesday Bounce

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Soybean futures rebounded Tuesday with 4–7 cent gains after Monday’s 60–70 cent limit-down drop, as November contracts rose 12½ cents. Expanded $1.05 trading limits were set for Tuesday amid volatile market conditions. China signaled willingness to buy more U.S. agricultural goods—but not necessarily soybeans—during weekend Paris talks between U.S. Treasury Secretary Bessent and Chinese officials, casting doubt on Trump’s earlier 8 MMT purchase pledge. U.S. soybean export shipments surged 45.4% year-over-year to 966,082 MT for the week ending March 12, with China as the top buyer (545,858 MT), though marketing-year exports remain 28.3% below 2025 levels. NOPA reported record February soybean crush volumes (208.785 mbu), up 10.57% annually, though daily crush dipped 1.52% from January. Soybean oil stocks jumped 38.37% year-over-year to 2.08 billion lbs. Brazil’s soybean harvest lagged at 61% completion, down from 70% last year, while crude oil fell $4.49 Monday, adding pressure to ag commodity markets. Trump hinted at delaying China talks, linking them to Strait of Hormuz tensions.
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AAPL TSLA AMZN META AMD NVDA PEP COST ADBE GOOG AMGN HON INTC INTU NFLX ADP SBUX MRNA AAPL TSLA AMZN META AMD NVDA PEP COST ADBE GOOG AMGN HON INTC INTU NFLX ADP SBUX MRNA AAPL TSLA AMZN META AMD NVDA PEP COST ADBE GOOG AMGN HON INTC INTU NFLX ADP SBUX MRNA Stocks Soybeans Getting an Early Turnaround Tuesday Bounce March 17, 2026 — 11:01 am EDT Written by Austin Schroeder for Barchart-> Soybeans are trading with 4 to 7 cent gains so far on Tuesday morning as new crop November us up 12 ½ cents. Futures were down 60 to the 70 cent limit on Monday across the front months. Expanded limits of $1.05 are set for Tuesday. Open interest was down 21,862 contracts on Monday, mostly in May (18,356). The cmdtyView national average Cash Bean price was down 70 1/2 cents at $10.80 3/4. Soymeal futures were down $5.10 to $11.50 in the front months to close out the day, with Soy Oil futures down the 350 point limit through September. Crude oil was down $4.49 on the day.US Treasury Secretary Bessent and Chinese counterparts met this weekend in Paris to prep for the meeting between President Trump and President Xi later this month. Following the meeting it was noted that China was open to buying more US ag goods, specifically more non-soybean row crops, putting some doubts on another 8 MMT for the current MY suggested by President Trump last month. Late on Sunday President Trump stated there could be a delay in the meeting with China, while also expecting to see China help unblock the Strait of Hormuz, with some thinking that the two are tied to one another, though Secretary Bessent has stated they are not. Don’t Miss a Day: From crude oil to coffee, sign up free for Barchart’s best-in-class commodity analysis. USDA’s FGIS tallied soybean export shipments at 966,082 MT (34.5 mbu) during the week ending on March 12. That was 8.9% above the week prior and 45.4% larger than the same week last year. China was the top destination of 545,858 MT, with 224,944 MT headed to Egypt and 20380,194 MT to Mexico. Marketing year exports for 2025/26 are 28.06 MMT (1.031 bbu) since September 1, which is now 28.3% below the same period last year.NOPA data from Monday morning, showed a February record 208.785 mbu of soybeans crushed among members. That was up 10.57% from a year ago but down 1.52% from January. Daily crush of 7.46 mbu was a record for any month through NOPA’s history. Soybean oil stocks were 2.08 billion lbs, a 38.37% yr/yr increase, with a monthly jump of 9.49%.Brazil’s soybean harvest was tallied at 61% complete by Thursday according to AgRural, behind the 70% pace from last year. May 26 Soybeans closed at $11.55 1/4, down 70 cents, currently up 4 1/2 centsNearby Cash was $10.80 3/4, down 70 1/2 cents,Jul 26 Soybeans closed at $11.67 1/2, down 70 cents, currently up 6 1/4 centsAug 26 Soybeans closed at $11.52 1/4, down 66 cents, currently up 11 cents On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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