# International market: grains closed October lower

> 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.

- Date: 2026-11-02 · published 2026-11-03T01:38:36.088Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/76839-international-market-grains-closed-october-lower
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

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%.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- CORN: bearish ▼
- USDBRL: bearish ▼

## Sources

- suenaacampo.com: https://www.suenaacampo.com/2026/11/02/mercado-internacional-los-granos-cerraron-octubre-en-baja/

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