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Soybean futures traded around $11.80 per bushel, near their lowest level since mid-August, as traders positioned ahead of the USDA's November WASDE report. A large U.S. crop and harvest progress of 92% by November 8 weighed on supply concerns, while expectations of larger Chinese purchases offered some support after trade discussions, including a reported commitment to buy 25 million tonnes of U.S. soybeans annually for three years.
The large U.S. harvest adds near-term supply pressure, while potential Chinese purchases could bolster U.S. export demand and limit declines. The market is also sensitive to updated USDA production and ending-stock estimates.
id.tradingeconomics.comJoshua FerrerNov 10, 2026Not enough comparable past events yet for a historical read.
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.
