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CBOT soybean futures closed lower and hit a two-and-a-half-month low as persistent fund selling continued. The US soybean harvest reached 88% completion, slightly above the five-year average, while September crush volumes fell 5.2% month on month to 198.8 million bushels, below expectations.
Brazil's planting reached 53%, ahead of last year's pace.
Heavy harvest supply and weaker crush demand keep pressure on soybean and meal prices, with export demand from China already priced in. Brazil's faster planting and lack of major weather threats add to the bearish tone.
mysteel.netNov 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.
