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A Glance of China Soybean Market Weekly 20260506

Source: Mysteel May 06, 2026 17:35
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Soybean Soybean Meal Demand Price Supply
CBOT soybean futures, the main contract continued its wide-range fluctuating,rising 18.75 cents/bushel week-on-week, a gain of 1.59%, with a trading range between 1,168.50 and 1,197.75 cents/bushel, presenting a pattern of high-level volatile strength. The market was dominated by intertwined bullish and bearish factors. On the bearish side, South American soybean harvesting has entered its final stage, with Brazil's harvest rate exceeding 95%. The pressure from ample production continuously weighs on the market. Meanwhile, US soybean export sales data fell short of expectation. On the bullish side, concerns have emerged about insufficient precipitation and poor soil moisture conditions in the US Midwest during the spring planting season. Speculation about a slowdown in planting progress and potential production cuts provides resilient support for the market.

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