# Soybeans fall in Chicago; effect on feed costs remains unquantified — Agrimidia

> 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.

- Date: 2026-11-03 · published 2026-11-03T13:35:53.678Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/77769-soybeans-fall-in-chicago-effect-on-feed-costs-remains-unquantified-agrimidia
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

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.

## Read by commodity

- SOY: bearish ▼

## Sources

- agrimidia.com.br: https://agrimidia.com.br/avicultura-industrial/2026/11/03/soja-recua-em-chicago-efeito-sobre-custo-da-racao-segue-sem-quantificacao/

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