NewsSignals
NewsSignals AI analysis·Reuters·

CBOT soybeans end lower as US harvest rolls on

Grade Bbearish AI signal$ZS$ZM$ZL
CBOT soybean futures closed lower as the ongoing US harvest of a projected record-large crop weighed on prices, with November soybeans settling down 0.38% at $12.19-3/4 per bushel. December soymeal fell 1.91% to $329.30 per ton, while weekly US soybean export sales reached 2.576 million metric tons, within trade expectations, and January soybeans touched their lowest level since August 17. Continued harvest pressure and weakness in soymeal could weigh further on soybean futures, although export demand may help limit downside.

Bullish strength: 20/100

  • Weekly US soybean export sales totaled 2,576,400 metric tons, within trade expectations.

Bearish strength: 80/100

  • The projected record-large US soybean crop is pressuring futures.
  • November soybean futures fell 0.38% and January soybeans reached their lowest level since August 17.
  • December soymeal futures declined 1.91%.
  • Some traders liquidated November soybean positions ahead of the contract's first delivery notice day.

This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.

Read the original source ↗

← Browse more news analysis

Trade on MEXC

More recent source-attributed AI analysis.

US Fintech Weekly: Fiserv Bounces Post-Earnings, Crypto Brokers Suffer, And Federal Agencies Prepare Innovation Guidelines

Fiserv shares surged nearly 13% after earnings, while crypto-linked stocks Robinhood and Coinbase headed for a sixth consecutive weekly decline amid Bitcoin weakness and growing regulatory uncertainty. Fiserv benefited from an earnings beat and a new $500 million share buyback authorization, while six federal agencies are preparing fintech innovation guidelines ahead of a November 15 deadline. Stronger regulatory oversight under Democratic congressional control could pressure crypto platforms, although continued institutional integration may limit the sector's downside.

Corn, soybean futures sag under weight of big US crops

US corn and soybean futures fell to multi-month lows as large domestic harvests continued to weigh on prices, with corn approaching a four-month low and soybeans hitting a 2-1/2-month low. December corn closed down 4.25 cents at $4.40 per bushel, while January soybeans dropped 14 cents to $11.88¼; analysts expect the USDA to report a record-large soybean harvest next week. Rising US crop supplies could maintain downward pressure on corn and soybean prices, while wheat may remain sensitive to developments surrounding Black Sea shipping access.

Healthcare, Insurers 'Best Places to Hide' on AI Cycle Unwind Worries — Market Talk

UBS identifies Australian healthcare and insurance stocks as potential defensive havens if concerns about an unwinding AI trade intensify. The sectors have shown negative share-price correlations with the PHLX Semiconductor Index and Global DC Index, while UBS maintains overweight recommendations on both. Their relative independence from the AI cycle could provide portfolio protection if technology stocks face further pressure.

Gold climbs to two-week high as dollar, yields weaken

Gold climbed 1% to $4,102.50 per ounce, reaching its highest settlement since October 21 as a weaker US dollar and falling Treasury yields boosted demand. The 10-year Treasury yield dropped 5.5 basis points to 4.836%, while silver gained 0.2% to $52.233 per ounce. Gold could face renewed selling pressure if Friday's US jobs report strengthens expectations for a December Fed rate hike, despite improving near-term momentum.