# Soy had a bearish session in Chicago but held at $545,000 per tonne in Rosario

> Soybeans closed lower in Chicago on Monday, with the November contract down $6.52 to $442.67 per tonne and touching its lowest level since August 19. In Rosario the physical soybean price held at ARS 545,000 per tonne, while the Banco Nación buying dollar rose 0.75% to ARS 1,536.50.

- Date: 2026-11-02 · published 2026-11-03T00:21:43.125Z
- Category: market · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/76596-soy-had-a-bearish-session-in-chicago-but-held-at-545-000-per-tonne-in-rosario
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A sharp fall in Brent crude, down about 7.4%, weakens the biofuel demand case for soybean oil and therefore soybeans, pressuring futures. Harvest in the US is about 88% complete and the USDA projects a record crop, which adds supply pressure.

## Read by commodity

- SBO: bearish ▼
- SOY: bearish ▼
- WTI: bearish ▼

## Sources

- tn.com.ar: https://tn.com.ar/campo/2026/11/02/la-soja-tuvo-una-rueda-bajista-en-chicago-pero-se-mantuvo-en-545000-por-tonelada-en-rosario/

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