# Ahead of the Open: Soybeans continue bleeding lower

> Pro Farmer reports soybeans 3 to 5 cents lower and corn and wheat steady to slightly higher before the open on November 2. USDA reported daily corn sales of 1.73 million tonnes to Mexico and 136,000 tonnes of soybeans to China, while China's non-soy US farm purchases were the lowest since 2019 through September.

- Date: 2026-11-02 · published 2026-11-02T19:35:47.580Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/75624-ahead-of-the-open-soybeans-continue-bleeding-lower
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Heavy fund liquidation and falling crude oil weigh on soybeans, while China's shortfall in non-soy purchases raises doubts about the trade deal and Mexico's corn buying offers some support.

## Read by commodity

- SOY: bearish ▼
- WTI: bearish ▼
- CORN: bullish ▲
- WHEAT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2024-05-16 | [Soybeans, corn, wheat continue mostly lower trend - Brownfield Ag News](https://feedsoft.ai/events/10512-soybeans-corn-wheat-continue-mostly-lower-trend-brownfield-ag-news.md) | +2.7% | -2.0% |
| SOY | 2020-04-21 | [Soybeans: Probably led lower by the energy complex - OCBC - Forex Crunch](https://feedsoft.ai/events/53674-soybeans-probably-led-lower-by-the-energy-complex-ocbc-forex-crunch.md) | +0.3% | +2.2% |
| SOY | 2025-06-26 | [Soybeans Near Unchanged on Thursday, as Meal Continues Slide](https://feedsoft.ai/events/24311-soybeans-near-unchanged-on-thursday-as-meal-continues-slide.md) | +2.5% | -2.0% |
| SOY | 2018-08-01 | [Why Soybeans Are at the Heart of the U.S.-China Trade War](https://feedsoft.ai/events/64080-why-soybeans-are-at-the-heart-of-the-u-s-china-trade-war.md) | -1.6% | -9.2% |
| SOY | 2019-03-14 | [Why U.S. growers are betting the farm on soybeans amid China trade war](https://feedsoft.ai/events/8266-why-u-s-growers-are-betting-the-farm-on-soybeans-amid-china-trade-war.md) | +1.9% | +1.5% |
| CORN | 2025-07-24 | [Ahead of the Open \| China buys U.S. corn - Pro Farmer](https://feedsoft.ai/events/14646-ahead-of-the-open-china-buys-u-s-corn-pro-farmer.md) | +1.0% | -1.0% |
| CORN | 2023-03-29 | [Ahead of the Open \| March 29, 2023 - Pro Farmer](https://feedsoft.ai/events/5083-ahead-of-the-open-march-29-2023-pro-farmer.md) | -0.1% | -1.3% |
| CORN | 2016-11-08 | [Corn, soybeans, wheat up ahead of USDA numbers - Brownfield Ag News](https://feedsoft.ai/events/8305-corn-soybeans-wheat-up-ahead-of-usda-numbers-brownfield-ag-news.md) | -4.7% | -2.5% |

## Sources

- profarmer.com: https://www.profarmer.com/news/ahead-open/ahead-open-soybeans-continue-bleeding-lower

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