Soybean prices fell 4.5% in October, their steepest monthly drop since December 2025, closing the month at $12.34 a bushel. The decline followed expectations of a record US crop and faster harvesting, although prices were still up over 14% for the year and had reached $13.35 in September, the highest since December 2023.
Expectations of a record US crop and a fast harvest are weighing on soybean prices, which feeds into soymeal costs for feed buyers. Year-to-date gains reflect Middle East war effects on fertilizer and energy supply.
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.