Soybean Futures Surge 1.70% Amid US-China Trade Hopes, Drawing Focus from Crypto's Volatile October

Chicago, IL – Prominent macro economist and crypto analyst Alex Krüger has announced a strategic shift in his trading focus, going "long soybean futures into tonight's China announcement." The move, shared via his social media, highlights a pivot towards traditional commodities, with Krüger stating, "Tells you how bad and boring trading crypto has been as of late." This comes as soybean markets react to renewed US-China trade optimism, while the cryptocurrency sector grapples with an exceptionally turbulent period.

Soybean futures in Chicago surged by 1.70% to a five-month high following reports of progress in US-China trade negotiations. China's state-owned COFCO recently purchased three US soybean cargoes, marking the first such buys from this year's harvest ahead of a critical meeting between President Donald Trump and President Xi Jinping. This development signals a potential de-escalation of trade tensions that have significantly impacted US soybean farmers.

Alex Krüger, known for his extensive experience as a macro economist, trader, and investor, has been a vocal figure in the cryptocurrency space for over a decade. With a reported 90% exposure to crypto in his portfolio, his public commentary often reflects deep insights into market dynamics and investor sentiment. His decision to highlight a commodity trade underscores a perceived lack of compelling opportunities in digital assets.

Indeed, October 2025 has been widely described as a "cursed month" for the crypto market. A surprise announcement of 100% tariffs on Chinese imports triggered a massive flash crash, leading to nearly $19 billion in leveraged liquidations across 1.6 million traders. Bitcoin plunged 18% from its highs, while altcoins suffered catastrophic losses, pushing the Crypto Fear & Greed Index deep into "Extreme Fear" territory for much of the month.

Despite some institutional inflows into crypto ETFs and a slight recovery in Bitcoin, the overall market sentiment remained cautious, with many traders on the sidelines awaiting clarity from the Federal Reserve. Krüger's move into soybean futures, therefore, reflects a professional trader seeking more predictable and potentially profitable macro-driven opportunities amidst the unpredictable and "bloody" landscape of the crypto market.