# Soybean market update: flat CBOT futures, strong exports, mixed basis

> Soybean futures were largely steady with slight losses in nearby contracts, as strong export shipments and firm regional cash prices offset expectations of growing global supply. Soybean oil prices eased, while soybean meal futures rose amid export and feed demand; U.S. FOB prices softened from October highs, whereas Ukrainian and Chinese physical prices were generally firm.

- Date: 2026-11-06 · published 2026-11-06T09:05:49.158Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/83629-soybean-market-update-flat-cbot-futures-strong-exports-mixed-basis
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Strong near-term export and feed demand supports soybeans and meal, while expected supply growth and softer U.S. FOB values limit upside. The mixed signals suggest relatively stable soybean prices, with diverging prospects for meal and oil.

## Read by commodity

- SBM: bullish ▲
- SBO: bearish ▼
- SOY: neutral

## Sources

- commodity-board.com: https://commodity-board.com/soybeans-steady-as-futures-flatten-but-export-pace-stays-strong

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.