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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 expected U.S. crop and seasonal supplies pressured prices, while hopes for stronger Chinese purchases offered some support after U.S.-China trade discussions; the report says China committed to buying 25 million tonnes of U.S. soybeans annually for three years.
Abundant U.S. supply and the prospect of higher ending stocks are bearish, while any follow-through on China’s purchase commitments could support export demand and prices. WASDE estimates may sharpen the market’s view of the supply-demand balance.
fr.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.
