Business · Energy & Commodities · 15 hrs ago
Soybean prices post their steepest fall in Chicago
Soybean prices fell sharply in Chicago on Friday, recording their biggest decline there.
The pressure was especially strong on soybean oil, as other feedstocks competed for biofuel use.
Traders also weighed expectations of a record US harvest and the lack of significant new purchases from China.
China bought about 874,000 tonnes of US soybeans, but that volume was not enough to sustain a price recovery.
The size of Chinese purchases matters because it can shift demand expectations and competition between US and Brazilian exporters.
Brazil's ANEC estimated October soybean exports at 6 million tonnes, while sales were reported to the Philippines, Colombia and Egypt for later delivery.
Traders will continue to assess future supplies and investor activity, while the sources give no specific forecast for what happens next.
Soybean prices recorded their steepest fall in Chicago on Friday.
Funds were estimated to have sold 7,000 soybean contracts, 2,000 soybean meal contracts and 6,000 soybean oil contracts.
Soybean oil faced added pressure from competition by alternative feedstocks for the biofuel industry.
Prospects for a record US harvest and a lack of significant new Chinese purchases added pressure to soybean prices.
China accounted for about 874,000 tonnes of reported sales, but that volume did not lead to a sustained price recovery.
- Who
- Soybean market participants and investment funds. Funds were estimated to have sold soybean, meal and oil contracts.
- What
- Soybean prices recorded their steepest fall in Chicago.
- When
- Friday. The article was published on 9 November 2026.
- Where
- Chicago.
- Why
- Prospects for a record US harvest, a lack of significant new Chinese purchases and competition from alternative biofuel feedstocks put pressure on prices.
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- Fund sales
- 7,000 soybean contracts, 2,000 soybean meal contracts and 6,000 soybean oil contracts
- China's share of reported sales
- About 874,000 tonnes
- Brazilian soybean exports
- The ANEC estimated 6 million tonnes for October
- US corn exports
- 1.3 million tonnes, the lowest weekly total in three months