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Chicago soybean futures fell further after the Democrats' midterm victory, with the January 2027 contract down 11.75 cents to $12.02/bu. Euronext wheat for December 2026 dropped 1.25 euros to 224.00 EUR/t, and CBOT December wheat lost 1.25 cents, after new data showed Ukrainian wheat exports in October fell about 8.6% from September to roughly 950,000 tonnes.
Traders said the election result raised doubts about whether China would honour its farm purchase commitments.
Doubts over Chinese purchase commitments reduce expected US soybean export demand, which weighs on soy and meal prices and triggers fund selling. Lower Ukrainian wheat export volumes give only limited support to wheat prices.
topagrar.comChristian BrüggemannNov 5, 2026After 803 past bearish trade events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.7%), and +0.9% over 20.
After 375 past bearish trade events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -2.0% to +1.1%), and -0.1% 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.
