
Chicago soybeans fell 3.8% for the week, with the January contract at its lowest level in more than two months on Friday. A nearly finished US harvest and expectations for a larger crop kept prices under pressure despite signs of Chinese demand; analysts expect the November 10 USDA report to raise US production and carryout estimates from October.
Higher projected production and ending stocks would add to expected soybean availability and could weigh on prices. A stronger dollar has meanwhile helped limit declines in Brazilian domestic prices.
After 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.