# Soybean Weekly Report

> Chicago soybeans rose in the week ending October 25, with November futures closing at 987.75 cents per bushel, up 1.8% on the period. StoneX said fundamentals were largely unchanged, with US harvest pressure and record Brazilian production estimates offsetting bullish factors such as Chinese stimulus and a net short speculative position.

- Date: 2024-10-28 · published 2024-10-28T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/27880-soybean-weekly-report
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Record South American and US supplies cap upside, but funds' short positioning and Chinese demand measures leave room for rebounds in soybean and meal prices.

## Read by commodity

- SBM: neutral
- SOY: neutral

## Sources

- stonex.com: https://www.stonex.com/en-us/insights/soybean-weekly-report-1531961/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.