CBOT soybean futures closed lower on Friday, pressured mainly by long-position profit-taking ahead of the weekend, while a decline in the neighboring soybean meal futures also exerted comparative price pressure. On the news front, the postponement of the China-US leaders' meeting to mid-May has added uncertainties to the outlook for future soybean purchases. Customs data showed that China imported only 1.5 million metric tons of US soybeans in January-February 2026, a sharp year-on-year decrease of 84%, while imports from Brazil during the same period reached 6.56 million metric tons, up 83% year-on-year. Additionally, warm and dry weather in the US Midwest is favorable for the start of spring planting, while the good condition rate of Argentina's soybean crop has also rebounded, collectively weighing on prices. In the short term, the market will continue to focus on geopolitical developments and biofuel policy impacts.