Archive · 2 Oct 2026
Soybeans Fall as Harvest Pressure and Demand Concerns Mount
Soybean prices went down in the market on Thursday.
Traders were worried that a large U.S. harvest would create a lot of new supplies.
Some investors also sold soybean contracts, adding to the decline.
Wet weather slowed harvesting, but it did not remove concerns about the size of the crop.
Traders also expected soybean processing in August to be weaker than previously estimated.
Wheat prices rose because Saudi Arabia announced a large buying tender and the U.S. crop was small.
Corn prices also rose slightly after traders bought contracts late in the session.
However, corn supplies in storage were much higher than expected.
The U.S. Department of Agriculture later reported that August soybean processing was below trade estimates.
Most-active Chicago soybean futures settled down 9 cents at $12.84 per bushel after reaching a nearly five-week low.
Fund liquidation, expectations of a weaker August soybean crush and concerns about export demand pressured soybeans.
Wet late-summer and early-autumn weather slowed the U.S. harvest, but an expected record-large crop continued weighing on prices.
Wheat futures closed 7 cents higher at $6.82-3/4 per bushel, supported by a Saudi Arabian import tender and a small U.S. crop.
Corn futures ended 1-1/2 cents higher at $5.02-1/4 after technical buying, despite a larger-than-expected increase in U.S. stocks.
- Who
- Soybean, wheat and corn traders, U.S. farmers and grain handlers, the U.S. Department of Agriculture, and Saudi Arabia were involved in the market developments.
- What
- Chicago soybean futures fell, while wheat and corn futures finished higher.
- When
- Thursday, October 1; the USDA soybean-crush data were released after the market closed.
- Where
- The Chicago Board of Trade and U.S. agricultural markets.
- Why
- Soybeans were pressured by harvest supplies, fund liquidation, expected weaker soybean processing and export-demand concerns; wheat benefited from Saudi demand and a small U.S. crop, while corn received technical buying.
- Most-active soybeans
- Settled down 9 cents at $12.84 per bushel; earlier reached $12.73-3/4, the lowest since August 28.
- Soybean harvest
- Wet late summer and early autumn slowed the U.S. harvest, while the crop was expected to be record-large.
- August soybean crush
- The U.S. Department of Agriculture reported 209.6 million bushels, below the average of trade estimates.
- Wheat
- Closed 7 cents higher at $6.82-3/4 per bushel after touching $6.70-3/4 earlier.
- Corn
- Ended 1-1/2 cents higher at $5.02-1/4 per bushel after touching $4.95.
- Corn stocks
- U.S. corn in storage on September 1 was 35% higher than a year earlier, according to the USDA.