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Soybean futures fell nearly 6% in October, their largest monthly decline of 2026. Traders are watching the USDA’s November 9 reports, which could raise the agency’s record U.S. yield estimate of 53.1 bushels per acre; Brazil’s crop was 56% planted by the end of October, ahead of its five-year average.
A higher U.S. yield estimate could increase expected supplies and pressure soybean prices. Brazil’s large role in China’s imports and its planting progress also heighten competition for U.S. export demand.
agribusinesswire.comNathan BrooksNov 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.
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.
