U.S. Soy Futures Pull Back From Rally as Brazil Harvest Advances

A drone view shows the construction site of COFCO International terminal STS11 for storage and export of soybeans in the port of Santos, state of Sao Paulo, Brazil January 31, 2025. REUTERS/Roosevelt Cassio/File Photo

By Julie Ingwersen

U.S. soybean futures fell on Monday on profit-taking after a rally last week drove prices to a two-month high well above $11 a bushel, tied to U.S. President Donald Trump’s remarks that China may buy more beans from the United States.

  • Get a daily email packed with the latest news and analysis from Africa, Asia, and across the Global South.
  • Read exclusive insights on the key trends shaping China’s relations across the Global South.
  • Full access to the News Feed that provides daily updates on Chinese engagement in the Global South.

China, Africa and the Global South... find out what’s happening.

Subscribe today for unlimited access.

OR

Already a subscriber? Log in Click Here to Learn More
by Reuters

Most Read

1
Developing Countries’ Debt Servicing Costs to China Are Significant, but Nowhere Near as Much as Other Creditors
2
Uncertainty Roils Minerals Markets
3 Chinese Scholars See Russia’s Venezuela Strategy as a Model of Hybrid Power Projection in the U.S.’ Backyard
4 From J-10C to Kaan? Indonesia’s Fighter Jet Deal With Turkey Shocks Chinese Military Fans
5 Chinese Military Fans Discuss Why Indonesia Bought Rafale Instead of J-10C
6
Indonesia Goes Nuclear, Taps China and Russia for Modular Reactors

You Might Like

U.S. Urges Vigilance on Chinese Investment as Xi Opens Peru Port

The United States on Thursday called on Latin American nations to be vigilant about Chinese investment as President Xi Jinping inaugurated a major port in Peru. Xi, in Peru alongside US President Joe ...

Chile Reviews Chinese Observatory Plans Slammed by U.S.

Chile said Wednesday it was reviewing an agreement for the construction of a Chinese astronomical observatory on its soil, a project that has drawn criticism from Washington as it jostles with Beijing for ...

China Slams U.S. ‘Interference’ in Venezuela Over Trump Oil Tariff Threat

China on Tuesday accused the United States of “interfering in Venezuela’s internal affairs” after President Donald Trump announced 25 percent tariffs on imports from countries that bought oil and gas from the South ...

Argentina Extends China Debt Deal Despite U.S. Pressure

Argentina extended a multi-billion-dollar currency swap agreement with China Thursday, despite fierce opposition to the deal in Washington. The cash-strapped South American nation extended the $5 billion accord with Beijing for one more year, securing ...

What is The China-Global South Project?

Independent

The China-Global South Project is passionately independent, non-partisan and does not advocate for any country, company or culture.

News

A carefully curated selection of the day’s most important China-Global South stories. Updated 24 hours a day by human editors. No bots, no algorithms.

Analysis

Diverse, often unconventional insights from scholars, analysts, journalists and a variety of stakeholders in the China-Global South discourse.

Networking

A unique professional network of China-Africa scholars, analysts, journalists and other practioners from around the world.

More about CGSP