Soybean futures slide as Brazil harvest gathers pace - CBOT
Dollar weakness tempers losses, supports U.S. export outlook
30 January 2026
1 minute read
By: Chicago Board of Trade (CBOT) soybean futures fell on Thursday as the early stages of a massive Brazilian harvest weighed on prices, though a weaker US dollar helped make US exports more competitive globally, according to Reuters.
The US dollar eased broadly on Thursday but remained above recent multi-year lows, with investors still uneasy about US policy even as a mildly hawkish Federal Reserve provided some support. The dollar has been under pressure amid expectations of further interest rate cuts, uncertainty over tariffs and broader policy volatility.
Brazil is in the early stages of harvesting what is expected to be a record soybean crop. Traders anticipate China will increasingly source soybeans from Brazil in the coming months following a recent surge in US purchases. Analysts also reported an uptick in farmer selling in both the United States and South America.
At the close, CBOT March soybeans settled down 2-3/4 cents at $10.72-3/4 per bushel. March soymeal ended $1.80 lower at $296.00 per short ton, while March soyoil fell 0.28 cent to 54.03 cents per pound.
