# Soybean Market Update: Thursday's Losses and Future Outlook (2026)

> Soybean futures and cash bids fell on Thursday, with November 2026 beans down about 6 cents in the morning after a larger decline Wednesday. USDA export sales showed no new-crop sales to China despite Beijing's stated commitment to buy 25 MMT of US soybeans this year. NOAA forecasts 1-2 inches of rain for the Central and Western Corn Belt.

- Date: 2026-11-02 · published 2026-11-02T03:05:32.637Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/74626-soybean-market-update-thursday-s-losses-and-future-outlook-2026
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Absence of new-crop Chinese purchases weakens the demand case for US beans, and favorable rain in the western Corn Belt reduces yield risk, both pointing to softer soybean prices.

## Read by commodity

- SBM: neutral
- SOY: bearish ▼

## Sources

- mitcelec.com: https://mitcelec.com/article/soybean-market-update-thursday-s-losses-and-future-outlook

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