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Soybean futures fell to about $11.90 per bushel, near a three-month low. US harvest was 88% complete as of November 1, and Brazil's planting for 2026/27 was 53% done, six points ahead of last year.
The USDA also reported a 136,000-tonne sale of US soybeans to China for 2026/27.
Expectations of a record US crop and a larger Brazilian competitor point to ample global supply, pressuring soybean prices. Chinese soybean oil stocks near 1.5 million tonnes add to demand concerns, though new Chinese purchases offer some support.
ru.tradingeconomics.comJoshua FerrerNov 4, 2026
tradingview.comNov 4, 2026Not 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.
