12/12/25 China Has Global Soybean Market by The Tail

12/12/2025 Click Above to Watch the Morning Market Talk Video China Has Global Soybean Market by The Tail On the Grains Soybeans led declines in the grain and soy markets overnight and are working on sharp losses for the week. A bear flag formation has formed on the daily chart that makes this week’s low of $10.81 1/2 in January futures key support. Violation of that level would confirm the bearish formation and project the contract to the $10.30 area. Corn futures are currently near unchanged for the week, while winter wheat markets are lower and spring wheat is holding onto weekly gains. USDA confirmed another 264,000 MT of soybean sales to China yesterday via a daily announcement. Export sales data for the week ended Nov. 13 showed a 100,000-MT cancellation by China. To date, USDA has confirmed just over 3 MMT of soybean sales to China for 2025-26. There was talk of additional soybean purchases by China on Thursday, so there could be more confirmations this morning. Based on overnight price action… some confirmations are needed. China’s soybean purchases have been steady, they’ve also been tempered and not enough to excite traders. While traders are concerned about the pace…