# Soybeans under pressure from contract rollover and South American competition

> 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.

- Date: 2026-11-04 · published 2026-11-04T07:37:12.585Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/79413-soybeans-under-pressure-from-contract-rollover-and-south-american-competition
- 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

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.

## Read by commodity

- SBM: bearish ▼
- SBO: bearish ▼
- SOY: bearish ▼

## Sources

- doanhnghiephoinhap.vn: https://doanhnghiephoinhap.vn/dau-tuong-chiu-ap-luc-chuyen-ky-han-va-canh-tranh-nam-my-153376.html

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