
World soybean futures fell on November 3, with November soybeans down 1.43% to $442.7/tonne, soybean meal down 1.54%, and soybean oil down 1.24%. Analysts attributed the decline mainly to speculative long liquidation during the contract roll, plus competition from South American supply.
Fund net longs fell for a third straight week.
Fund liquidation and strong South American supply push soybean complex prices toward the 5-year median. The move reflects the contract roll more than a change in fundamentals.
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.