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Soybean prices fell 4.5% in October, their largest monthly drop since December 2025, to about $12.34 a bushel. The decline followed expectations of a record U.S. crop, faster harvest progress, slower Chinese purchases and Brazil's price advantage, after a rise of more than 14% earlier in the year.
A record U.S. crop and weaker Chinese demand add supply pressure to the soybean complex, and Brazil's export competitiveness limits any rebound in prices for soy-based feed ingredients.
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.