NewsSignals AI analysis·Reuters·Nov 2, 2026

Soybeans near 11-week low as US harvest enters final stretch

Grade Bbearish AI signal$ZS$ZC$ZW$WTI

CBOT soybean futures fell to an 11-week low on Monday, pressured by declining crude oil prices and the US harvest entering its final stretch. Soybeans have dropped 9% from last month's three-year high, while analysts estimate the US soybean harvest is 88% complete and corn harvesting has reached 73%. Record-large expected soybean production and weakening biofuel-related demand could keep downward pressure on soybean prices.

Bullish strength: 20/100

Wheat futures rose as Black Sea shipping disruptions continued supporting prices.

Bearish strength: 80/100

Soybean futures reached their lowest level since August 19.
Soybean prices have declined 9% from last month's three-year high.
USDA estimates point to a record soybean crop.
Falling crude oil prices are pressuring soybean demand through the biofuel market.
US soybean harvesting was estimated at 88% complete.

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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