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CBOT soybean futures fell for a third straight week in nearby contracts while deferred months firmed. Harvest of a record US crop is advancing quickly, farmers keep selling, and a sharp drop in the Brazilian real has pushed Brazilian farmers to accelerate sales, with fund liquidation and a stronger dollar also weighing.
Strong export demand and bargain buying limited losses, and Argentina's planting has begun with soil moisture ideal in most areas.
Heavy harvest selling and a weaker real add supply pressure on soybeans and soybean meal, keeping the meal basis weak for feed buyers. Crude oil weakness also reduces support for soybean oil.
mysteel.netNov 3, 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.
