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January 2027 soybean futures in Chicago closed down 0.97% at $12.0225 per bushel, extending a losing streak to eight sessions. StoneX raised its forecast for the 2026/27 US soybean crop to a record 128.49 million tonnes, 4.4 million above USDA's October estimate.
December corn rose 0.40% to $4.4425 per bushel.
A larger US crop forecast adds to ample supply and supports the bearish soybean price trend. The analyst sees a possible rebound toward $12 only if Brazil's weather stays favorable, so the outlook is for limited upside.
globorural.globo.comPaulo SantosNov 4, 2026After 788 past bearish report events, Soybeans moved a median -0.3% over 5 sessions (47% higher; middle half -2.0% to +1.5%), and -0.9% over 20.
After 770 past neutral report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.
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.
