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CBoT soybean futures held a mild upward bias on November 2, while cash FOB prices in the US, Ukraine and India eased over October. Soybean meal firmed, with December 2026 meal around 325.40 USD/short ton, and soybean oil came under slight pressure.
Traders are watching South American rainfall and positioning ahead of the November USDA reports.
Comfortable nearby supply and aggressive export competition are capping physical soybean values, while firmer meal supports crush margins. Price direction in the near term depends on Brazil's planting moisture and USDA data.
commodity-board.comNov 2, 2026commodity-board.comNov 2, 2026Not 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.
