CBOT soybean futures opened higher Thursday, trying to recover part of the losses from the first three sessions of November. The January 2027 contract traded back above $12.06 per bushel after closing Wednesday below $12.00.
Traders are awaiting USDA export sales data and assessing US and Brazilian supply prospects.
Soybean prices remain under pressure from expectations of larger supply, so the rebound is likely temporary unless export demand firms. Buyers of soybean meal and feed should watch the export sales data for signs of stronger demand.
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.