Chicago Board of Trade (CBOT) soybean futures fell for a second consecutive session on Tuesday, pressured by expectations of a record South American crop and a lack of fresh market-supporting news. CBOT January soybeans closed down 3-1/4 cents at $11.2475 per bushel. January soymeal declined $3 to $311.60 per short ton, while January soy oil edged up 0.32 cent to 52.68 cents per pound.
Traders remain focused on Chinese demand for U.S. soybeans. The U.S. Department of Agriculture reported no new flash sales on Tuesday, following a series of confirmed bookings last week. Analysts noted that China has purchased Brazilian soybeans, which are currently priced lower than U.S. supplies.
Brazil is on track to harvest its largest-ever soybean crop early in 2026, though market watchers are keeping an eye on dry conditions in southern growing regions.
