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US soybean harvest progressed to 88% as Midwest weather improved, and USDA raised the US annual export forecast on strong global demand. Brazil's new-crop output forecast was also raised, while Chinese crushers' utilization rose and oil mill soybean inventories remained high.
Higher US export forecasts and a larger Brazilian crop offset each other, while high domestic Chinese crush stocks cap soymeal prices, leaving the near-term bias bearish.
goodsfu.10jqka.com.cnNov 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.
