# FS Grain - Market Commentary

> Soybean futures traded 3 to 8 cents lower on Tuesday after USDA reported a private export sale of 134,000 MT of soybeans to unknown destinations for 2026/27. Crop progress showed 88% of the US soybean crop harvested, and NASS reported September soybean crush of 198.8 million bushels, down 5.16% month on month, with soybean oil stocks at a record low for the data set.

- Date: 2026-11-03 · published 2026-11-03T21:08:46.338Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/78394-fs-grain-market-commentary
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Routine price commentary with modest moves; the record-low soybean oil stocks and lower crush provide mild support for oil and meal values, while the export sale is a small demand signal. Wheat was also lower in the same session.

## Read by commodity

- SBM: bearish ▼
- SBO: bullish ▲
- SOY: bearish ▼

## Sources

- fsgrain.com: https://fsgrain.com/markets/commentary.php?market=Cattle

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