# CBOT weekly outlook: Seasonal harvest pressure weighs on soy, corn - Grainews

> CBOT soybean and corn futures may struggle to rise in the short term as US harvest progresses and supplies build. Analysts expect prices could trend lower, while Argentine planting and rains could shift some acres from corn to soybeans. Additional crushing capacity coming online by late November should increase meal supplies.

- Date: 2023-10-26 · published 2023-10-26T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/33656-cbot-weekly-outlook-seasonal-harvest-pressure-weighs-on-soy-corn-grainews
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Harvest pressure and rising meal supply are bearish for soybean and corn prices, while strong renewable diesel demand for soyoil continues to support the oil side of the crush.

## Read by commodity

- SBM: bearish ▼
- SBO: bullish ▲
- SOY: bearish ▼
- CORN: bearish ▼

## Sources

- grainews.ca: https://www.grainews.ca/daily/cbot-weekly-outlook-seasonal-harvest-pressure-weighs-on-soy-corn-2/

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