# Soybean Weekly Report

> CBOT soybeans ended the week near unchanged, with the November contract closing at 1297.25 cents per bushel. The USDA reported 76% of the US soybean crop harvested by October 22, ahead of the five-year average. Brazil planting was 43.2% complete by October 27.

- Date: 2023-10-30 · published 2023-10-30T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/33653-soybean-weekly-report
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Harvest pressure in the US and expectations of a record Brazilian crop are bearish, while strong Chinese imports and Argentine meal shortages support prices. Buyers should watch the balance between these forces.

## Read by commodity

- SBM: bullish ▲
- SOY: neutral

## Sources

- stonex.com: https://www.stonex.com/en/insights/soybean-weekly-report-2023-10-30/

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