
Chicago soybean futures opened higher on Tuesday, November 3, trying to recover part of the sharp losses from the first session of November. The USDA reported US soybean harvest and crushing data, showing a smaller US crush pace.
Traders are also watching Chinese demand and Brazil's 2026/27 crop development.
A smaller US crush and strong export demand support soybean prices, but heavy American and South American supply keeps the market under pressure.
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.