
Ukrainian soybean prices remained firm despite lower Chicago futures, which fell 2.8% over the past week to $464/t. Brazil's soybean sowing was 42.8% complete as of October 23, and Brazilian export volumes for October were below last year's pace.
US harvest was 79% complete as of October 25, slightly ahead of the five-year average.
Harvest pressure in the US and fast Brazilian sowing continue to weigh on Chicago soybean futures, while tight local supply in Ukraine keeps domestic prices steady. Feed buyers should expect soybean prices to stay under pressure from South American supply.
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.