Harvest pressure kept U.S. soybean futures under pressure, with 79% of the crop harvested by Sunday versus 64% a week earlier. Prices fell below 100- and 200-day moving averages after currency moves following Brazil's election results.
Flash USDA sales of 297.15k tonnes were reported, and export demand remained strong.
Brazilian real weakness and heavy harvest selling pressure soybean prices, while sustained export sales provide some support. Fund position liquidation ahead of geopolitical and midterm events adds near-term downside risk.
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.