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NewsSignals AI analysis·Reuters·

CBOT soybeans fall, following wheat lower, as Russia issues Sea of Azov grain vessel permits

Grade Bbearish AI signal$ZS$BO$SM
CBOT soybean futures fell for a third straight session as Russia's permits for grain-export vessels to leave the Sea of Azov raised concerns that renewed Black Sea shipping could weaken US export demand for animal feeds and edible oils. November soybeans settled down 4.75 cents at $12.24½ per bushel, while December soyoil dropped 1.15 cents to 65.56 cents per pound and its most-active contract touched levels last seen in early July. A revival of Black Sea grain traffic, continued fund liquidation and China's planned auction of 402,000 metric tons of imported soybeans could add further pressure to soybean and soyoil prices.

Bullish strength: 20/100

  • Exporters sold 120,000 metric tons of US soybeans for delivery in the 2026/2027 marketing year.
  • CBOT December soymeal futures rose $1.10 to $335.70 per ton.

Bearish strength: 80/100

  • Soybean futures declined for a third consecutive session amid fund liquidation.
  • Renewed Black Sea maritime traffic could erode US export demand for animal feeds and edible oils.
  • November soybeans settled down 4.75 cents at $12.24½ per bushel.
  • December soyoil fell 1.15 cents to 65.56 cents per pound.
  • China's Sinograin plans to auction 402,000 metric tons of imported soybeans on November 3.

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

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