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Soybeans and corn in Chicago posted five weeks of near-uninterrupted declines as the US harvest advanced and increased supply, while investment funds reduced their bullish bets. Corn fell to US$176 per tonne, its lowest in almost four months, and soybeans dropped to US$454, the lowest since late August.
The Brazilian real depreciated about 12% against the dollar after Brazil's elections, cheapening its exports and pressuring soymeal prices.
A weaker real makes Brazilian soymeal and corn more competitive on export markets, pressuring feed prices globally. Forecasts of a record Brazilian soybean crop of 181.6 million tonnes weigh on prices, though a possible strong El Niño could cut output by about 10%.
suenaacampo.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.
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.
