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The January soybean contract fell 1.42% to $12.16 per bushel in Chicago on 2 November 2026. Analysis attributed the move to US harvest pressure and expectations of higher yields.
Brazil's 2026/27 soybean planting reached 53% of the expected area by 29 October, according to AgRural.
Lower Chicago soybean futures point to softer raw material costs, but the report gives no domestic meal prices, so the benefit to Brazilian feed buyers is not yet established. Brazil's planting pace is a supply signal for later in the season.
agrimidia.com.brAgrimídiaNov 3, 2026Not 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.
