
Brazilian soybean spot prices were mostly lower on November 3, with small declines in Passo Fundo, Cascavel, Rondonópolis and Paranaguá, while export premiums were unchanged. Soybean futures closed lower on the Chicago Board of Trade, extending Monday's decline alongside weaker oil and an ongoing US harvest.
A stronger US dollar cushioned the losses in Brazilian reais terms, and farmers remained largely out of the market.
Lower CBOT futures and crude oil weigh on soybean values, while the firmer dollar offsets part of the drop for Brazilian sellers. Harvest pressure and limited farmer selling keep the near-term price outlook modestly bearish for soymeal and oil inputs.
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.
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.