# Soybean quotes in Chicago fell 10% in a month on forecasts of an increase in the US harvest, which may reduce export prices and demand in Ukraine

> Chicago soybean futures fell 10% over the past month as favorable US harvest weather and higher production expectations weighed on prices. StoneX raised its 2026/27 US yield forecast to 55 bushels per acre, implying a crop of about 128.6 million tonnes, while USDA data showed 88% of the soybean area harvested by November 1. Soybean oil prices also declined, and lower South American export quotations could reduce the competitiveness of Ukrainian soybeans.

- Date: 2026-11-06 · published 2026-11-06T15:07:09.711Z
- Category: report · region United States · magnitude medium
- Page: https://feedsoft.ai/events/84091-soybean-quotes-in-chicago-fell-10-in-a-month-on-forecasts-of-an-increase-in-the
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

A larger expected US crop would increase available soybean supplies and intensify export competition, pressuring soybean and soybean oil prices. Lower world prices could weaken Ukrainian export demand and prices.

## Read by commodity

- SBO: bearish ▼
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2020-06-15 | [The forecast increase in soybean production will increase pressure on oilseed prices in the new season](https://feedsoft.ai/events/52737-the-forecast-increase-in-soybean-production-will-increase-pressure-on-oilseed.md) | +0.6% | +0.6% |
| SOY | 2025-03-19 | [Record Soybean Harvest in South America and Favorable Outlook for Exports](https://feedsoft.ai/events/13874-record-soybean-harvest-in-south-america-and-favorable-outlook-for-exports.md) | -1.1% | +2.3% |
| SOY | 2022-09-30 | [Key data in USDA stocks and wheat harvest reports, and difference from market forecasts - Grain Price News](https://feedsoft.ai/events/39554-key-data-in-usda-stocks-and-wheat-harvest-reports-and-difference-from-market.md) | -3.7% | -2.0% |
| SOY | 2021-11-24 | [USDA cuts U.S. ag export forecast amid weaker soybean demand](https://feedsoft.ai/events/14976-usda-cuts-u-s-ag-export-forecast-amid-weaker-soybean-demand.md) | -3.5% | +4.4% |
| SOY | 2022-07-15 | [Despite a slight decrease in the oil production forecast, stock market quotations fell sharply 15.07.2022 - UkrAgroConsult](https://feedsoft.ai/events/5594-despite-a-slight-decrease-in-the-oil-production-forecast-stock-market.md) | -11.9% | +6.2% |
| SBO | 2024-03-08 | [USDA maintains forecast for soybean oil use in biofuel production, reduces forecast for soybean oil prices \| Biomass Magazine](https://feedsoft.ai/events/31293-usda-maintains-forecast-for-soybean-oil-use-in-biofuel-production-reduces.md) | +3.6% | +6.2% |
| SBO | 2022-07-15 | [Despite a slight decrease in the oil production forecast, stock market quotations fell sharply 15.07.2022 - UkrAgroConsult](https://feedsoft.ai/events/5594-despite-a-slight-decrease-in-the-oil-production-forecast-stock-market.md) | -1.2% | +6.7% |
| SBO | 2023-02-10 | [US soybean and oil prices decline w-o-w following WASDE report](https://feedsoft.ai/events/37421-us-soybean-and-oil-prices-decline-w-o-w-following-wasde-report.md) | +3.0% | -0.4% |

## Sources

- graintrade.com.ua: https://graintrade.com.ua/en/novosti/kotiruvannya-na-soyu-v-chikago-za-misyatc-vpali-na-10-na-prognozah-zbilshennya-vrozhayu-u-.html

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