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Soybean futures fell after crude oil dropped more than 8% following the Republican loss of Congress in the US midterms, with traders betting this could end the US-Israel war with Iran. Domestic soymeal spot prices fell in China as weak hog-farm demand and oil-mill inventory pressure weighed on the market.
Lower crude prices reduce biofuel-linked demand for soy oil and soybeans, while weak Chinese hog demand cuts soymeal use. Both factors point to lower meal and feed-grain prices.
finance.eastmoney.comNov 5, 2026Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not 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.
