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Chicago November soybean futures rallied from below $11.50 on August 11 to $12.22 on August 19 despite a record global crop forecast. China had booked 6.558 million tonnes of new-crop US soybeans as of August 21.
Strong Chinese purchases and crush demand are offsetting record supply, keeping soybean and meal prices firm for feed input costs.
ukragroconsult.comAug 28, 2026After 696 past bullish trade events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.3% to +1.9%), and +0.7% over 20.
After 342 past bullish trade events, Soybean Meal moved a median +0.1% over 5 sessions (51% higher; middle half -1.1% to +2.6%), and +0.6% over 20.
After 224 past bullish trade events, Soybean Oil moved a median +0.4% over 5 sessions (54% higher; middle half -1.5% to +2.1%), and -0.5% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
