# Mysteel soybean and relatives market daily: U.S. soybean bumper crop weighs on prices, extending losses for a third consecutive week | Mysteel

> CBOT soybean futures fell for a third straight week as harvest advanced on a record U.S. crop, with farmers continuing to sell. A sharp drop in the Brazilian real pushed Brazilian farmers to accelerate their own sales, and fund liquidation and a stronger dollar added pressure. Strong export demand and bargain buying limited the decline, and Argentina's planting has started.

- Date: 2026-11-02 · published 2026-11-02T12:06:19.131Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/75320-mysteel-soybean-and-relatives-market-daily-u-s-soybean-bumper-crop-weighs-on
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Record U.S. supply and Brazilian selling add to bearish pressure on soybean prices, while firm export demand provides some floor for buyers of soybean meal and feed inputs.

## Read by commodity

- SOY: bearish ▼

## Sources

- mysteel.net: https://www.mysteel.net/analysis/5147110-mysteel-soybean-and-relatives-market-daily-us-soybean-bumper-crop-weighs-on-prices-extending-losses-for-a-third-consecutive-week

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