CBOT soybeans set lowest price since August

By Reuters News20:32 (UTC), 5 November 2026 Updated

CHICAGO, Nov 5 (Reuters) - Chicago Board of Trade soybean futures on Thursday dropped to their lowest level since August due to massive US production, analysts said.

Analysts, on average, expect the US Department of Agriculture next week will increase its estimate of US soybean production to 4.597 billion bushels from 4.562 billion in October, a record-large harvest, according to a Reuters poll.
The USDA reported weekly US soybean export sales of 1.5 million metric tons for 2026/27 on Thursday, within analysts' expectations of 950,000 to 2.5 million metric tons.
China, the world's biggest soybean importer, is open to buying more US farm goods, but only if the two sides implement their reciprocal tariff-cut agreement, the Chinese commerce ministry said.
CBOT January soybeans ended down 14 cents at $11.88-1/4 per bushel and hit the lowest level since August 12 at $11.86-3/4.
CBOT December soymeal was down $1.40 at $317.20 per ton. December soyoil sank 1.29 cents to end at 62.24 cents per pound and set the lowest price since April 17.