
Soybean prices fell 4.5% in October, their steepest monthly decline since December 2025, closing at $12.34 a bushel after peaking near $13.35 earlier in the year. The drop followed expectations of a record US soybean crop and US harvest progress of 88%, ahead of the five-year average of 84%.
Analysts said heavy fresh supply and high US stocks entering winter pushed prices lower.
A record US crop and faster harvest add large volumes of soybeans to the market, which pressures soybean meal and feed costs for buyers. Lower soybean values can ease feed input prices, though US stock levels will determine how far the decline extends.
Not 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.