Chicago Wheat Commodity Markets, Prices & Futures
Use the chart below to check futures prices for soybean meal. Click the contract dates for more prices and trends. Cash price reflects the USDA Chicago terminal.
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Latest News From Chicago Wheat
After testing thousands of varieties and a decade of trials, a new variety of winter wheat is on its way. Next season, in 2026, South Dakota producers will be able to plant SD Vivan – made with strong resistance to the state’s agronomic challenges.
Alan Bruger says USDA was assuming some sales to China in the September WASDE but he thinks the agency will need to make some revisions in their 300 million bushel ending stocks with this deal.
Allison Thompson says soybeans paused on Wednesday with January down 3/4 cent as the market faded news of China purchases as it was already priced into the market.
Lane Akre, economist with Pro Farmer, says soybeans have priced in the optimism about a China trade deal and had muted reaction to news of the first China soybean purchases of the 2025-26 marketing year.
Brian Grete with Commstock Investments thinks the China deal is nearly priced into the soybean market and so it will need confirmation of what “significant purchases” means before moving higher.
DuWayne Bosse with Bolt Marketing says soybeans made new highs for the move and January futures are closing in on $11, while March made fresh highs for the year.
Grain markets staged a rally on Monday and Naomi Blohm with Total Farm Marketing says soybeans led the charge on news over the weekend that the U.S. and China had reached a framework agreement that included “substantial purchases” of U.S. soybeans.
Live cattle are sharply lower with limit down moves in feeders under expanded limits on Monday morning. Brad Kooima says now the focus is on the possibility of the U.S. dropping the 50% additional tariffs on beef imports.
Soybeans futures hit new highs for the move on Thursday as Greg McBride with Allendale, Inc. says there is growing optimism about a trade deal with China that will include soybean purchases.
Randy Martinson with Martinson Ag says soybeans are hitting new highs for the move with the tailwind of comments from President Trump about getting a trade deal with China next week in South Korea.