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Chicago soybean futures traded with a positive bias after reaching a 12-week low, while the U.S. harvest and expectations for a record crop weighed on prices. Analysts expected the USDA to raise its U.S. soybean production estimate, and the agency confirmed a sale of 136,000 tonnes of soybeans to China for the 2026/27 season.
USDA staff in Beijing projected Chinese soybean imports of 110 million tonnes, below the agency’s official 115-million-tonne forecast; Brazil’s October soybean exports were also lower than a year earlier.
Record-crop expectations, lower projected Chinese imports, and the ongoing U.S. harvest point to ample supply and could pressure soybeans, while the confirmed sale provides some demand support. The article also cites a possible reduction in the USDA’s U.S. corn production estimate, which could be supportive for corn if confirmed.
fyo.comNov 6, 2026After 788 past bearish report events, Soybeans moved a median -0.3% over 5 sessions (47% higher; middle half -2.0% to +1.5%), and -0.9% over 20.
After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% 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.
