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Soybean futures closed higher on Friday, with November up 3.5 cents at $12.56 1/2, while corn and wheat ended mostly lower. Analyst Dan Basse said China has bought about 18 million metric tons of US soybeans against a 25 million metric ton commitment, with more cargoes bought that day.
Brazil's presidential election was also in focus.
Chinese purchases support US soybean prices and firm the market, while a weaker Brazilian real could make Brazilian soybeans more competitive. Corn and wheat remain under pressure.
agweb.comOct 23, 2026Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
