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A Glance of China Soybean Market Weekly 20260427

Source: Mysteel Apr 27, 2026 17:04
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Soybean Demand Price Supply
During April 1623, CBOT soybean July contract traded in a wide range, initially rising then falling, ending the week slightly lower.Bearish factors: South American harvest nearing completion (Brazil over 95%), ongoing bumper supply pressure; a stronger USD and pullback in crude oil; disappointing U.S. export sales data.Bullish factors: U.S. spring planting weather uncertainty (concerns over insufficient rainfall and poor soil moisture); geopolitical tensions and biodiesel demand expectations.

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